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12 June 2020

Livestock Roundup 12 June 2020

Peter Moore joins Mark Leishman on CountryTV for this month's livestock roundup.

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Livestock Report: Transitioning to the new normal

12 June 2020
PGG Wrightson's GM for Livestock, Peter Moore catches up with The Country's Jamie Mackay to chat about livestock around New Zealand.

The backlog with the processing works had caught up, particularly with sheep.

Although there was still a hold up with the prime beef sector, it was nothing compared to the past few months, Moore said.

Mackay asked why there was a priority for other livestock over prime beef, in terms of processing.

Farmers needed to shift stock from their farms as they moved into their winter numbers, Moore said.

As well as this, Moore said manufacturing of commercial beef on a global scale was taking priority, as it was more sought-after on the market.

Now that sale yards are back up and running, Mackay wanted to know if it was the end of online auction systems such as Bidr.

Moving forward there would be a "hybrid situation" said Moore, who explained that this allowed all auctions and sales to occur both onsite and online.

End of season procurement usually sees a "scuffle" around prices and Moore confirmed that the price of lamb had increased. He predicted there would be a bit of uncertainty as to what the price would be for prime beef cuts.

Mackay wrapped the interview by noting that New Zealand livestock is in a better position now than a month ago.

Livestock Market Update June 2020

19 June 2020

Bull Sales Week 5

Our Bidr Hybrid auctions are leading the forefront of our Bull sales for 2020.  This has enabled the introduction of online selling and on farm auctions to integrate with a driving force in the market.

We are already at week 5 of a 6-week selling season and prices are tracking above expectations across all breeds.

Week one of the selling season averaged $6k across all breeds - $7,500 for Angus and $6,800 for Herefords. As we have moved across the country the results are yielding another $1,000 across the breeds.

This confidence in the agricultural industry is pleasing given the current challenges we face, even though bulls are seen as a commodity product, the added value down the track has major benefits for traceability, quality eating and market trends.

Our top priced bulls have fetched anywhere from $20,000 to $68,000 across the Hereford and Angus breeds for stud duties.

Keep up with the latest updates of this fast-paced changing world and follow us online via Facebook and Instagram @pgwgenetics.

Callum Stewart
National Genetics Manager

 

Alliance Bobby Calves

With the dairy season now finished and the new season underway, it is great to see that gypsy day is behind us and many farm and staff changes have taken place.

Our teams have been busy with herd settlements over the past month and it is pleasing to see that given the drought conditions along with the Covid hurdle, these settlements have gone extremely well. Vendors need to be commended for their efforts in what has been a challenging Summer/Autumn for cow condition and production.

Currently we are busy signing up bobby calves for our partnership with Alliance in the South Island and Lower North Island with calving around the corner. Please discuss with your livestock rep regarding options, it’s a great time to get all of these things in place now so you don’t have any delays with tags once calving begins.

Our Friesian heifers are still generating significant interest from China with delivery options from August to October currently available. This is a great way of making use of any surplus heifers and converting these into early season cash which is always important to have available. Please contact your local PGG Wrightson rep to discuss further.

The team at PGG Wrightson wish everyone well for the dairy season ahead and encourage you all to have a break prior to the busy spring period ahead on the farm.

Jamie Cunninghame
National Dairy Sales Manager

Wool Report: A slumped market

29 June 2020

This week PGG Wrightson's South Island wool procurement manager Rob Cochrane joins The Country's Jamie Mackay to look at the wool market this month.

The 2019/20 wool season wrapped up yesterday with 17 thousand bales on offer across both islands, and there are a lot of growers still resisting and holding onto wool.

Mid-micron and crossbreed growers may be concerned that they were losing as much as 50 per cent compared to last year, Cochrane said.

Mackay said that from a historical perspective, the wool market had never seen a slump like this.

Cochrane agreed, reflecting back on 1969 when wool prices were around 23 cents per pound.

It was criminal that prices continued to fall, Mackay said, with Covid-19 still affecting the market in terms of boarder restrictions, imports, and offshore processing.

Cochrane added perspective by saying the price of wool had gradually been going down over the past few years, and people don't necessarily have the money to buy wool.

Mackay noted that until there were alternate sustainable long-term uses for crossbreed wool, the industry was "buggered".

Cochrane agreed, but stressed that traditional uses of wool, such as carpet and internal furnishings would still help the industry in the long run.

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