USDA Market News - New Zealand Meat Export Summary and Prices Tuesday, Sep 9, 2003
Beef: On very light trading U.S. price for imported bull firmed last week, but cow price slightly weaker on average, though there was a variation in exporter quotes. U.S. domestic cow price increased 1c/lb despite seasonal lift in U.S. cow kill. From beginning of Sept. U.S. border has in theory been open to Canadian cattle under 30 months old, but virtually no beef entered U.S. from Canada, because of difficulty in aging cattle until after slaughter. Even one older animal in a day's kill will disqualify a plant from exporting to the U.S.
Lamb: Demand remains strong, but exporters warning that it's unrealistic to expect EU prices for Christmas market to be any higher than last year. If NZ$ holds its current position, farmgate prices in early November could be around $7 lower than a year ago if higher non-EU lamb prices offset lower pelt returns. Farmgate prices mostly unchanged despite weaker $Kiwi.