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21 January 2020
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Market Commentary

Livestock Market Update January 2020

Sheep & Beef

Shane Gerken - South Island Livestock Manager

As the new year starts, the main focus for the next 6 weeks is store lamb sales, as there is a number of lamb sales calendared throughout the South Island. Over the last three weeks schedule pricing for lambs and mutton have fallen due to early season premiums coming off. This has also reflected in the store lamb market as pricing has also come back in line with lamb schedule pricing.

Cattle market has been subdued for 100kg calves as M Bovis has dampened market pricing, as there has been limited buyers for 100kg calves. Traditional cattle are keenly sought after throughout the South Island.

Stag sales in the South Island start on the 12th January and go for the next two weeks, with the market looking positive both for sire and trophy stags.

 

Dairy     

Jamie Cunningham - National Dairy Sales Manager 

With the New year behind us know our teams are busy with Dairy Forward Sales for May and June 2020. Our herd marketing campaign has just kicked off and early signs are showing that quality stock is well sought after by buyers throughout the country. Sales to date have been pleasing for both vendors and purchasers alike.

If you do have surplus stock to sell please ensure that you make contact with your PGG Wrightson Livestock rep as soon as possible. It is important that we know about all upcoming cattle so we can discuss the best options for you as a vendor to achieve optimum value.

The China export market is very buoyant at present so be sure to take advantage of this opportunity by contacting us with any surplus R1yr heifers that you may have available, we have delivery options from March right through until the spring at present.

Good luck for the upcoming summer months.

 

Genetics       

Callum Stewart - National Genetics Manager

We're now well into ram selling season with sales happening across the country. To find out more head to our Ram Sales page.

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