Dairy beef demand holding steady
Spring grass growth provides buyers with confidence.
Dairy beef is in solid demand at sales throughout the country, with North Island sales already under way, and sales in the South Island commencing before the end of November. The majority of sales are scheduled before Christmas, though a few in both islands will continue into the new year.
Plenty of spring grass growth is providing confidence for farmers to support these sales, with Friesian bulls through to beef cross calves subject to reasonable to strong demand.
Despite downward pressure on beef pricing, cattle tallies coming forward for sale are consistent with previous years, while farmers are holding firm and continuing to buy, as a result of which early values were largely aligned to last year. Big North Island dairy beef sales at Frankton, Stratford and Fielding will set the scene for the market, while in the South Island the Temuka dairy beef sale will be closely monitored.
Receiving excellent support as ever, the IHC calf scheme, in conjunction with PGG Wrightson, offers pledging opportunities throughout the season. Plenty of pledges are coming forth, including many dairy beef weaners. For those who have not yet pledged, whether a live animal or a virtual calf, it is not too late to do so.
Jamie Cunninghame, PGG Wrightson Livestock National Dairy Specialist