Rural Supplies
PGG Wrightson GO-STOCK
22 January 2021

PGG Wrightson GO-STOCK Helping Farmers Manage Cashflow

An initiative that provides sheep and beef farmers with a livestock trading margin* with no initial cash outlay has been re-launched, with greater capacity.

Jamie Molloy, PGG Wrightson National Livestock Supply Chain Manager explains how Go-Stock operates.

“PGG Wrightson buys the stock and retains ownership, meaning no initial cash outlay for farmers using Go-Stock. The farmer grazes and grows the stock, before deciding in conjunction with their PGG Wrightson Livestock rep when and where PGG Wrightson sells them. Go-Lamb contracts are for a maximum of 300 days and Go-Beef contracts are for a maximum of 360 days.”

PGG Wrightson then pays the resulting trading margin to the farmer, less fees and selling costs.

“Go-Stock is simple to set up and easy to use. Initially established in 2015, Go-Stock meets the practical needs of the farmers involved, offering them a simple solution to ease cashflow when trading cattle or sheep. Because it has been so successful, we have significantly increased

Go-Stock’s capacity year on year, making it available to more farmers. PGG Wrightson Go-Stock has purchased 1.2 million lambs and 200,000 head of cattle since inception.”

“Those participating in Go-Stock report that it takes the pressure off decision making, frees cashflow to enable expenditure and expansion elsewhere, and adds value to their business,” he says.

“Go-Stock offers huge flexibility. Go-Stock tallies vary, from a few to thousands, depending on the size of the farming operation, with many farmers having multiple contracts throughout the year. How they use Go-Stock and what they can achieve with it will be different in every case. Its purpose is to remove the barriers that farmers traditionally face around cashflow when procuring trading stock. In conjunction with the PGG Wrightson Livestock rep the farmer decides when and where to sell the Go-Stock, the stock can be sold store or prime, this enables them to better use their capital elsewhere, thereby maximising their farming assets and expertise as required to achieve business objectives,” he says.

For further information on Go-Stock, contact your local PGG Wrightson Livestock representative, email or go online:

Find out more about GO-STOCK >

Email us at GoStock@pggwrightson.co.nz >

*Subject to contract terms.

21 January 2021

Livestock Report: Mid and South Canterbury saved by the weather gods

Listen now as The Country's Jamie Mackay is joined by PGG Wrightson's Mid-South Canterbury Livestock Manager, Joe Higgins, to talk about New Zealand's livestock market.

The weather had been a blessing with rains preventing droughts. Higgins said that they were looking down the barrel of a potential drought pre-Christmas.

However, the rain was bringing trouble for grass seed farmers in mid Canterbury who needed the hot dry sun to process their crops.

Mackay said that prime lambs were back quite a bit, and they would be facing a challenging year compared to previous years, as Covid-19 was still impacting market prices on prime red meats - especially venison.

Mackay asked about the popularity of mutton, saying that "an old ewe is worth more than a lamb."

Higgins agreed, adding that this has been the case for the past few years.
Livestock Market Update: Glenbrae On-Farm Auction
20 January 2021

Livestock Market Update: Glenbrae On-Farm Auction

Glenbrae Farm is located in Porangahau - Central Hawkes Bay.  It is a commercially run property of approximately 370 hectares running 1500 Wiltshire ewes on medium hill country and coastal conditions.  Alongside this the property also operates 165 Hereford stud cows commercially.

With over 25 years of quality breeding Wiltshires, Glenbrae have used and bred top quality genetics to combine with ease of care production, inputs are only drench, no fly and a natural resistance to facial eczema.  The family-run operation consistently wean the lambs off their ewes at 18kg year on year with lambing rates at 153% and mating 80% of ewe hoggets with great success.

 
Sale Information, On Farm Auction:

Tuesday 9th February 2021 at 12pm;

  • 600 Ewe Lambs    
  • 150 Cast for age Ewes
  • 120 2th Ewes
  •  30 Ram Lambs

For more information contact:

Sam Wright 0272479035

Simon Smith 0274440733

 
Livestock Market Update: Plenty of feed on North Island farms
20 January 2021

Livestock Market Update: Plenty of feed on North Island farms

Caution in the market keeps buoyancy in check

North Island feed conditions benefited from good rainfall in most districts post-Christmas. However, because many farmers had weaned early and moved ewes on after the drought of last year, stock rates were insufficient to take advantage.

While that might have otherwise led to significant activity at North Island bullock and ewe fairs, buoyancy has been repressed by caution around the prospects for export demand for red meat. Prices for heavy steers sit around $2.65 to $2.70 per kilogram, while traditional lighter steers, around 500 kilograms live weight, are averaging $2.80 per kilogram.

Ewe fairs are tracking similarly, with stock numbers through the saleyards lower than last year. Good prices are indicated at the works for the next couple of months, with the main chains having freed up space relatively early this year, as noted, due to farmers selling prior to Christmas.

 
Livestock Market Update: Go-Stock
20 January 2021

Livestock Market Update: Go-Stock offers a simple solution to ease cashflow

Go-Stock from PGG Wrightson provides sheep and beef farmers a straight forward way to grow stock with no initial cash outlay.

Several farmers using Go-Stock recently explained how Go-Stock has given them a simple solution to ease cashflow when farming cattle or sheep.

Click here to view testimonials. 

Farmers talk about how Go-Stock takes the pressure off decision making, frees cash flow to enable farm development, and adds value to their business.

Go-Stock is available for trading and finishing sheep and beef. 

PGG Wrightson buys the stock and retains ownership, meaning no initial cash outlay for the farmers. However, the farmer decides when and where to sell the stock, then receives the resulting trading margin, less fees and selling costs.

Go-Stock is simple to set up and easy to use.

For further information contact your local livestock rep or email: GoStock@pggwrightson.co.nz 

Jamie Molloy, PGG Wrightson National Livestock Supply Chain Manager

Livestock Market Update: Keen interest in South Island on-farm lamb sales
20 January 2021

Livestock Market Update: Keen interest in South Island on-farm lamb sales

Good feed conditions driving steady demand for store lambs

With plenty of rain over Christmas, especially in South Canterbury, North and East Otago where it was sorely needed, farmers throughout the South Island are benefiting from good feed conditions.

Based on that confidence, demand at the South Island on-farm lamb sales is strong, and expected to remain steady until at least mid-February. 

Farmers in all districts are looking for store lambs, with interest in Otago and Southland particularly evident.

Since the pre-Christmas backlog of ewes and lambs waiting to go to the works cleared up, the market indicators for lamb seem consistent, and anyone offering store lambs for South Island sale can anticipate good prices for the next several weeks. 

Positive feed conditions have also resulted in satisfactory results to date at cattle sales.

Shane Gerken, PGG Wrightson South Island Livestock Manager

 
Livestock Market Update: Wellsford Romney Flock dispersal
20 January 2021

Livestock Market Update: Wellsford Romney flock dispersal attracting national interest

Buyers from New Zealand wide set to attend dispersal of 99 year old Romney stud

Buyers from around the country are set to attend the dispersal of one of New Zealand’s highest profile Romney studs next month.

Kikitangeo Romney just out of Wellsford was started in 1922 by the father and uncle of current stud principal Gordon Levet. Now 88, Gordon is retiring and the stud no longer fits with his daughters’ and son-in-laws’ plans for the family farm.

In what will be one of the most anticipated sheep dispersals for at least a decade, around 700 stock will be sold, separated by sire and age groups into lots ranging from half a dozen to around 25 sheep.

Gordon has managed Kikitangeo since 1951, during which time he has been a frontrunner in breeding for resistance to worms, making the sale a must attend event for anyone interested in Romney genetics.

Click this link to visit Kikitangeo Romney's website: http://www.kikitangeo.co.nz

For more information about the sale, see our Facebook post here: https://fb.watch/2ZY0ToATB0/

Kikitangeo Romney’s dispersal sale will be held at the Wellsford saleyards from 11am on Wednesday 24 February.

Cam Heggie, PGG Wrightson Northland Livestock Genetics Representative

 
Livestock Market Update: Ruapehu Red Deer stag sale well received
20 January 2021

Livestock Market Update: Ruapehu Red Deer stag sale well received

Offering achieves 100 per cent clearance and a 24 per cent increase on last season

Judging by the reaction of buyers at a December stag sale in Taihape, deer farmers are not discouraged by the drop in international demand for venison that has occurred due to much of the global hospitality sector having to lock down during the pandemic.

Paul Hughes of Ruapehu Red Deer offered 38 lots in a sale that achieved a 100 per cent clearance, a top price of $12,500 and an average of $7,026, up from $5,679 at the corresponding 2019 sale.

Interest in the sale was expanded nationwide, the offering going out via online platform bidr. Three stags sold via the bidr live-stream, along with numerous online bids throughout the sale. An enthusiastic local gallery attended in person, securing the balance of purchases.

Farmers are still anxious to obtain premium genetics. Paul Hughes has some of the best available, and the market is not veering away from spending money on quality sires. Buyers know that having the best genetics in their herds will put them on the front foot when international demand for venison revives.

Gareth Williams PGG Wrightson Manawatu Sheep & Beef Representative

Livestock Market Update: Velvet market showing good signs for deer farmers
20 January 2021

Livestock Market Update: Velvet market showing good signs for deer farmers

Velvet sales meeting good demand amid disruptions

Although venison sales are severely impacted by the Covid-induced global closure of restaurants, the velvet market is providing deer farmers some confidence.

By volume PGG Wrightson’s velvet sales this season are 20 per cent ahead of 2019/20. While prices are around 15 per cent back, improved production means most deer farmers are receiving much needed cashflow.

Historically, six to 12 months after the 2003 SARS pandemic, velvet sales rose markedly, based on the value Asian cultures place on its capacity to boost immune function. Growing demand for deer velvet is again indicated. In addition, velvet is finding increased use as a healthy food ingredient, reducing reliance on practitioners mixing it into prescribed medications, shifting the focus to finished, branded, easy to consume products such as extracts. These products can be readily obtained online, helping the deer velvet market overcome lockdown disruption.

Due to strict rules around removal, hygiene and safety of deer velvet, New Zealand producers sit far ahead of competitors in China, Russia and North America. New technology coming this year via UHF chipped tags and paperless recording will further enhance traceability and provenance.

Demand is keeping pace with increased production: from the same or lower stock numbers, deer farmers are achieving better results in quality and weight, and positive market trends should boost further returns. That said, velvet is a specialised product with passionate farmer growers who respect the systems and importance of animal welfare. Seasonality increases product pressure, meaning funding is required to keep returns afloat.

PGG Wrightson, alongside larger, loyal suppliers, has used minimum price contracts to underpin prices for the last three seasons. Relationships are the key to future growth, especially in healthy foods: PGG Wrightson is seeking partnerships in this sector in South Korea and China.

Tony Cochrane, PGG Wrightson National Velvet Manager

Livestock Market Update: Demand for dairy herds growing
20 January 2021

Livestock Market Update: Demand for dairy herds growing

Take advantage of PGG Wrightson’s experience and market intelligence

For those intending to purchase a dairy herd for next season, now is the time to act.

Global Dairy Trade trends so far this year mean confidence in the payout is as good as it has been for awhile. On the back of that, demand is strong, and likely to grow, with good quality dairy herds highly sought after.

Anyone in the market for a herd should make contact with their PGG Wrightson Livestock agent early to discuss the options and update themselves on current national and local market intelligence. Herds for sale are marketed through AgOnline. Click here to visit the AgOnline website.

We specialise in bringing vendors and purchasers together. With PGG Wrightson’s experience sitting behind any contract our team negotiates, all parties can be assured that the deal will be sound and we will assist with the whole process from signing to settlement. 

With a range of herd values in the present market, results for transactions set to settle in May and June have been satisfactory. We are now at the business end of the season, so market activity over the next few weeks is set to increase.

Jamie Cunninghame, PGG Wrightson National Dairy Livestock Manager 

 
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