Local Saleyard Prices of Meat For W2 in New Zealand
Lamb
Frozen Bone-In Beef
Meat
New Zealand
Market & Price Trends
Breda Van Niekerk
Published Jan 20, 2023
The average export price trends for the week ending January 15, 2023, are shown below (W2):
W2 prices vs. (W50 prices): Steer NI P2, 300kg - USD 3.72kg (NZD 5.80/kg) vs. (USD 3.98/kg (NZD 6.20/kg)) - 6% decrease, Export Bull, USA - USD 5.19/kg (NZD 8.09/kg) vs. (USD 5.12/kg (NZD 7.98/kg)) +1% increase, Lamb NI, 18kg - USD 4.59/kg (NZD 7.15/kg) vs. (USD 5.07/kg (NZD 7.90/kg)) - 9% decrease, Export Lamb Flaps, China - USD 6.14/kg (NZD 9.57/kg) vs. (USD 6.26/kg) (NZD 9.76/kg)) - 2% decrease.
Overview: Prices are expected to stay under pressure as volumes increase due to good grazing conditions. FYI: 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.
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