Wednesday, 23 May 2012 09:31

South Island store cattle market in limbo

Written by 

The store cattle market the south island has been relatively quiet this week. There have been one or two private sales of weaner calves but even this market is slowing down. 

 While some traders are down to their winter stocking rates there are still good numbers of buyers looking which would normally keep the market for older cattle active. However the favourable season is working against them. This is because most of the older cattle have come through the summer and autumn period in a lot better condition than previous years. The added weight and condition means many of these cattle will head straight to the works if they haven’t already rather than through the store sales. This is limiting buyers options right now. The fact that most regions still have good feed levels is also delaying or preventing cattle from showing up in the store markets. The market should get a good test this week with yardings lifting at a number of sale centres.

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.

Featured

Rural contractors call for overhaul of ag vehicle rules

Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» eNewsletter

Subscribe to our weekly newsletter