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New Zealand beef weaner prices hit records this season as strong demand and tighter supply lifted returns. Farmers are retaining more heifers to rebuild breeding cow numbers, which have fallen about 20 percent over the past decade.
Holding back heifers for breeding reduces near-term beef supply, supporting cattle prices, but the effect on international feed commodity markets is minimal.
farmersweekly.co.nzFederated FarmersJun 5, 2017Not 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.
