Analyst Intel Archives

PULSE | Schedules hide weak export market prices

12 June 2020

Farm-gate slaughter prices for beef and lamb are on their annual winter climb as the supply of finished stock begins to wane. 

To keep costs down meat processors need to ensure operating slaughter chains are as full as possible. That means opening the war chest and spending some extra coin to fight for the last of the stock. 

AgriHQ&A – The spike in export log prices

12 June 2020

What drives the forestry market? Join AgriHQ analysts Reece Brick, Suz Bremner, and Nicola Dennis as they discuss the export log market, Russian competition and spruce beetles.

PULSE | Lots of ifs and buts

8 June 2020

In recent weeks there has been a resurgence in store lamb trading and demand, largely caused by the reopening of saleyards. 

AgriHQ data shows prices climbed as buyers returned. 

The speed at which store lamb prices jumped has not been mirrored in the export market though. 

Lamb slaughter prices have improved marginally in recent weeks, buoyed by the sudden drop in slaughter rates rather than any improvement overseas. Therefore, while lamb traders revert to their ususal strong, winter-buying tactics, export markets aren’t showing the usual strength that supports late-season schedules.

ACROSS THE RAILS | Early in-lamb ewe prices solid but realistic

5 June 2020

North Island ewe scanning is under way and that means in-lamb ewes are starting to hit the yards. 

This time last year the Government had announced its Billion Trees plan, which meant there was a surge in breeding ewe numbers on the market as farms were sold for forestry. While most ewes were bought to farm on it did start alarm bells ringing on already diminishing national flock numbers.

AgriHQ&A - The early scanned-in-lamb market

4 June 2020

What does an in-lamb ewe cost these days? Join AgriHQ analysts Suz Bremner, Mel Croad and Nicola Dennis as they discuss early scanning results, the pressure from a billion trees and the store lamb market.

ACROSS THE RAILS | In tough times farmers look for tough cattle

29 May 2020

Something was bound to give the markets a shake-up as we’ve had a good run over the last few years but who would have picked it to be combination of a pandemic and drought ... not me. Not surprisingly, this year’s post-lockdown prices have been dramatically affected and while last year’s prices were regularly flying well above $3/kg it would be unfair to make comparisons with those results given there are unusual influences that have affected this year’s market. 

PULSE | Down but not out

29 May 2020

The wool industry has taken a significant blow in recent months. 

Prices have eased back 25% in the first sales since covid-19 lockdowns. 

New Zealand is not alone as Australian wool prices have also decreased by 25% since March. Prices achieved in NZ have dropped to average $1.50-$1.70/kg greasy for good, crossbred, second-shear fleece. 

That is a hard pill to swallow for many because crossbred wool returns no longer cover the cost of the shearing. 

AgriHQ data show crossbred wool prices are $1.84/kg clean, back by about 31% on this time last year and can only be described as dire. 

However, the industry is far from giving up. 

Those involved from the woolshed to the end market are working hard to ensure wool will continue to have its place in the market and recover from the downturn.

AgriHQ&A - Vendors meet the store cattle market

29 May 2020

Are there enough store cattle buyers? Join AgriHQ analysts Suz Bremner, Mel Croad, Reece Brick and Nicola Dennis as they discuss the big Matawhero cattle sale, the lack of confidence in the cattle store market and the US beef shortage.