New Zealand Local Saleyard Prices in W49

During W49, the trading of lambs has dropped to minimum levels locally in New Zealand, which is reflective of the cautious approach traders are taking. Good feed levels have created a situation where farmers can hold onto their lambs instead of trading them. Since prices are below par, many farmers decided to hold off selling in the lead-up to Christmas for better farmgate values/prices.
The average local slaughter and export price trends for W49:
W49 prices - W48 prices
Steer NI P2, 300kg - USD 3.93/kg - USD 4.00/kg -1.6% down,
Export Bull, USA - USD 5.06/kg - USD 5.19/kg -2.4% down.
Lamb NI, 18kg - USD 5.01/kg - USD 5.23/kg -4.2% down,
Export Lamb Flaps, China - USD 6.19/kg - USD 6.34/kg -2.4% down.
Prices are forecasted to decrease as volumes increase, and warmer weather with good rainfall arises.