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28 August 2019
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Market Commentary

PGG Wrightson Livestock Roundup 23 August 2019

Mark Leishman caught up with Peter Moore, GM of PGG Wrightson Livestock on Country TV’s Roundup on Friday, 23 August.

In this interview Peter talks about what’s happening at the moment with feeder calves and bobby calves along with a quick snapshot on what’s happening in terms of prices and demand in the sheep, beef and dairy markets. 

Sheep & Beef
Prices across the country for stock, including sheep and beef remain very strong, with the demand for lamb looking to continue for at least the next 12 months. Currently we’re seeing lamb prices around $8/kg, which is being driven by the demand from importing countries wanting protein and high value meat, combined with the diminishing supply of NZ’s sheep numbers which have been tracking downwards year on year. 

Dairy
We have seen strong demand for in milk cows which is an indication that there is more confidence in the dairy industry and good high BI cows are selling well back into the Dairy industry at the moment.  
Farmers who are looking to source their dairy service bulls should contact their local agent and apply for a PGW Defer-A-Bull contract – a simple solution that requires no upfront cost, where bulls can be paid for when they’re sold. Defer-A-Bull.

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