The Country's Jamie Mackay is joined by PGG Wrightson's GM for Livestock, Peter Moore, to chat about the price of livestock.

Stock prices have continued to drop since Christmas, and have only recently begun to settle.

Moore notes that March is traditionally a big month, particularly for beef weaners, and compared to last year prices have dropped 100-150 NZD.

Mackay hits on the limited feed resource, with the exception of the lower South Island, and how access to this can result in great revenue.

Moore adds that the big operators who have the ability to feed stock are investing, particularly in lambs.

Mackay queries that ability to process livestock though the works. Moore explains that space is tight across the country for cattle and older ewes, but lambs are going though at a decent rate.

With the progression of the Coronavirus (Covid-19) Moore describes the livestock market in New Zealand as semi-gridlocked.

Combined with issues around drought, stock in cool store and export delays, Moore says that this is a challenge for everyone.

Mackay ends on a positive note as farmers are still getting good value for lambs historically.