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Beef + Lamb NZ forecasts that beef and lamb export returns will each exceed NZ$3 billion for the first time in the 2017-18 season. Lamb farmgate prices are forecast up 15%, and sheep and beef farm incomes are expected to rise 39%.
Strong New Zealand meat prices and export returns support global red meat values, but the story describes farm incomes and has limited direct effect on feed commodity markets.
farmersweekly.co.nzAlan WilliamsApr 5, 2018Not enough comparable past events yet for a historical read.
Not 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.
