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New Zealand farm-gate bull prices are around NZ$5.00 to $5.50/kg, only marginally above the five-year average and softening before the main processing season. Weaker demand from China and competition from South American beef are weighing on export returns.
Softer NZ beef export returns and cheaper South American supply weigh on global beef values, with limited direct impact on feed grain demand.
farmersweekly.co.nzMel CroadOct 22, 2020Not 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.
