We are well and truly into winter now which has left many farmers in lock down mode. There is still demand for store cattle despite being in the middle of winter, but no one is getting ahead of themselves. Many have overestimated the amount of surplus feed on hand Crops have not been yielding as good and the snow has also done a bit of damage as of late.
There are very few cattle being traded in the paddock, with farmers choosing to send them to the saleyards. Throughput dropped dramatically this week for both prime and store cattle as farmers are not prepared to get onto the NAIT band wagon just yet. As NAIT became mandatory on Sunday sale tallies around the country have been extremely low and these smaller sales are expected to continue through until spring.
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Market Brief by iFarm.co.nz iFarm the leading source of agri-market prices, information and analysis for NZ farmers. Receive benchmark prices for the works, store and saleyard markets delivered direct to your inbox. Visit www.ifarm.co.nz or call 0508 873 283. |
