Meat Slaughter Saleyard Prices in North Island, New Zealand for W48

Grass cover continue to exceed expectations due to warmer weather and good rainfall conditions as summer approaches. These improved grazing conditions contribute to higher volumes at the sale yards and continue the downward pressure on prices as expected. Exported prices are expected to decrease as volumes increase and warmer weather with good rainfall arises. The following are the average local slaughter price trends for W48:

Steer NI P2 (300kg): USD 4.03/kg (NZD 6.30/kg), a 2.3% drop in price compared to W47 when prices stood at USD 4.13/kg (NZD 6.45/kg)

Lamb NI (18kg) - USD 5.28/kg (NZD 8.25/kg), a 1.8% drop in price compared to W47 when prices stood at USD 5.37/kg (NZD 8.40/kg)

Abbreviation:
Steer = a male cattle beast castrated when young;
NI = North Island of New Zealand;
P = fatness, a light to medium fat cover, 3–10 mm deep;
2 = muscling class 2, good muscle development;
300kg = steer carcass weight;
18kg = lamb carcass weight.