Livestock Market Update December 2018
With the holiday season just around the corner it's time to take a look at what's been happening around the country.
Sheep & Beef
Steady rain throughout most parts of the South Island, has been welcome in Canterbury but saturated ground conditions in Otago and Southland has seen widespread flooding.
The effects of the recent rains for the store cattle market has seen prices rise by .30 cents kg. The sheep market pricing continues to go from strength to strength as processors look at filling market orders. Store lambs have also met with solid demand as farmers compete for what is on offer.
Overall the South Island is in a good position overall feed wise, although much needed sunshine is needed in some parts of Otago to dry out pastures.
The dairy season is sluggish at best, the continued drop in GDT auction price and lack of farm sales are not instilling any confidence in the sector. Mixed weather across most of the country is also not helping.
On a brighter note we are experiencing some positive late season activity with farmers now electing to use service bulls rather than continuing through the season with AI.
There are some good quality herd listings on Agonline at present and heifer listings are expected to increase over the coming weeks – if you are looking for any replacement dairy animals please contact your local PGG Wrightson Dairy rep.
With the Ram selling season well and truly under way in the North Island and coming to a start in the South Island, we have seen a stronger than usual demand for terminal rams. Assisted by the lamb and mutton schedule which is expected to remain high up towards Christmas.
Mana Romney’s elite sale kicked off a string of successful sales so far in the lower North Island with 30 out of 30 Rams sold for an average price of $1,924 (including five Rams going stud). Confidence is showing in the sheep market, as commercial farmers are willing to pay up to $2,200 for their top pick. Scott Linklater also saw his average price increase this year at his Elite Charollias Ram sale averaging $1,106 with a full catalogue clearance. The top stud ram selling for $2,900 with help from strong commercial backing.
There is never a better time to get in contact with your local genetics specialist or commercial rep to get the most from your flock. Selecting the best genetics will increase performance for your breeding program.