Rural Supplies
Livestock Update_June 2020
15 July 2020

Livestock Market Update July 2020

Breeding Better Business

That’s a wrap, and we’re stoked with the results. Bring on 2021!

The bull selling season has gone well, quality bulls being produced, market demand and online selling have been some of the drivers behind this campaign.

Over an 8-week selling season across the country from one end to the other, we sold over 3,100 bulls of all breeds for the Beef industry, this consisted of Online Bidr Hybrid sales, On Farm Auctions and Private Treaty. The help of online platform has certainly played a role with wider reach and restrictions around Covid-19. Not only have New Zealand farmers embraced this technology - they understand the benefits and ease of use.

While the average price was back 3.4% on last year, we had bulls that suited every budget starting at $4,000 – the highlights are the amount of stud bulls ranging from $25k through to $104,000. This top achievement was reached on the East Coast of NZ in Wairoa and purchased by Kaharau – Orere Angus. Other top prices paid were $50,000 through to $92,000.

Check out this bull going under the hammer for $104,000.

49 of our overall sales were held online with 624 registered buyers and 25,425 unique page views of online catalogues and videos of bulls.

Keep an eye out for our Yearling bull campaign and follow us online, via Facebook and Instagram @pgwgenetics

Callum Stewart
National Genetics Manager

 

Temuka Ewe Fair

The Temuka Ewe Fair was held last Wednesday, with one of the smallest yardings for some years. There was only 4,500 in-lamb ewes on offer, in front of a large gallery of registered buyers.

The top pens of most age groups of scanned ewes were able to surpass $200, and annual draft and 4-5 year were not far off. $235 was reached for 3-4 year Coopworth-cross ewes, scanned 211%, and Coopworth also topped the 5-year section with the next highest price at $234. It was felt that the older ewes performed better than the younger lines, as the largely Mid and North Canterbury buying bench focussed their attention on proven ewes with higher scanning percentages.

That said though the top 1-shear and 2-tooth ewes were able to reach $210- $219, while annual draft lines were very consistent at $176-$185. There were very few ewes that fell below the $150 mark, with most run with-ram returning $168-$177.

Shane Gerken
South Island Livestock Manager

 

Export Heifer Opportunity Continues - Dairy & Beef $$$

Our Friesian and Jersey dairy heifers are still generating significant interest from China with delivery options for September and 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.

We also have orders available for rising 1 year beef heifers – Hereford and Simmentals for September and October delivery with top money available for heifers that meet the specifications.

To find out more regarding specifications and price please contact your local rep to discuss options.

Jamie Cunninghame
National Dairy Sales Manager

 

For more great content check out these links:

Peter Moore's latest interview on The Country

The latest Livestock Roundup with Peter Moore on Country TV

Peter Newbold's latest Rural Property Update

 

14 July 2020

Rural real estate report: The potential of provincial properties

PGG Wrightson's General Manager for Rural Real Estate Peter Newbold joins The Country's Jamie Mackay to take a look at the rural property market this month.

Mackay asked Newbold to crunch the numbers and report on how much the rural market was behind - in terms of volume - in comparison to 2015/16.

In 2015 the rural market was just short of $4 billion in sales, compared to 2020 which was just over $2 billion, "so you can see there's been a real decline" Newbold said.

The rural market continued to be overshadowed by the lifestyle market.

Mackay and Newbold discussed the potential change in attitude towards the rural market; post Covid-19, as those in metropolitan areas looked to move to pastoral properties.

There had been a lot of interest in provincial New Zealand where many towns were supported by the rural industry, Newbold said.

In addition, the costs of these properties were better value compared to the metro markets, he added.

Mackay asked if some rural properties were starting to stack up on a yield basis and wanted to know if perhaps a few of the more marginal properties were good buying.

Newbold reckoned they were, and the past few weeks had seen signs that a number of listings were on the up and with comparable prices.

To view properties and more real estate news head over to www.pggwre.co.nz

13 July 2020

The Livestock Roundup 10 July 2020

Peter Moore joins Anna Thomas in the latest Livestock Roundup on Country TV. Saleyards and stock movements are returning back to normal. Prices are good despite international markets softening slightly and a big increase at the Global Dairy Auction is good news for dairy farmers.
10 July 2020

Livestock Report: Global Dairy Trade success and promising bull sales

The Country's Rowena Duncum is joined by PGG Wrightson's GM for Livestock, Peter Moore, to chat about New Zealand's livestock market.

June was a more typical month compared to earlier in the year for stock flow, with the freezing works freeing up, sale yards back in operation, and online platforms running smoothly, Moore said.

Although an impressive 8.3 per cent rise in the Global Dairy Trade Auction this week had so far had no immediate impact on confidence for New Zealand - it was still great to see prices heading in the right direction - particularly during winter, Moore said.

The really good news came from the significant price lift for Whole Milk Powder (WMP).

Some amazing bull sales had taken place recently, with one in Wairoa going for $104,000 NZD. Duncum asked Moore what he thought was driving this price increase.

Genetics played a big part, said Moore, as farmers were looking for "outstanding genetics with good growth rate and good meat production".

Duncum finished the interview by asking Moore what the next few months might look like for the livestock industry.

Moore said that this was normally a quieter time of year - but feeder calves were starting to hit the market.

2 July 2020

Livestock Roundup 29 June 2020

South Island Livestock Manager Shane Gerken joins Mark Leishman on CountryTV for this edition of the Livestock Roundup.
29 June 2020

Wool Report: A slumped market

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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