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New Zealand lamb and mutton prices hit record levels of 908 and 660 cents per kg cwt, and NZ beef prices reached historical highs. The rise follows reduced slaughter supply and strong demand, with COVID-19 restrictions noted as a risk to prices.
Tight global sheepmeat and beef supplies lift prices for livestock products, while COVID disruptions to processing could add volatility to future market signals.
mla.com.auAug 19, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
