Feed rich conditions support solid values

Good quality, well-bred sheep and cattle are selling at solid values across all North Island regions where, despite some colder snaps and higher than average rainfall through some regions, feed rich conditions predominate. 

Indicators for sheep and beef schedules appear positive, which is assisting values. One of the strongest weaner calf markets of recent years is another reason for farmers to remain optimistic.

Bull sales to date are largely in line with breeders’ expectations that reduced cow numbers and cashflow would soften demand. However, the cyclic nature of farming, subject to external influences, suggest that by continuing to breed and feed quality stock and promote a product that consumers will seek out, future prospects for New Zealand agriculture in both domestic and international markets are sound. 

Matt Langtry, PGG Wrightson North Island Livestock Manager