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USDA - New Zealand Livestock and Products Annual Forecast

A strong New Zealand dollar is likely to keep New Zealand’s FOB prices in 2003-2004 for beef meat exports from rising above current depressed levels. Lower income expectations will encourage a reduced retention rate for dairy-origin calves for beef production as well as a modest reduction in beef breeding cow numbers. This should lead to a decline in New Zealand’s beef cattle and beef breeding cow population of about 2.5 percent to 4.84 million as of June 2004. The dairy cattle herd is forecast to increase 1 percent to 4.66 million over the same period. Overall, NZ’s total cattle population will decline, for a second year in a row, to 9.5 million by June 2004….[more]

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