The return of African Swine Fever in China, albeit smaller than in 2019, is supporting further interest from China. NZ cattle slaughter (‘000 head)
Source: NZ Meat Board
80 60 40 20 0 Oct
Dec
Feb
5-year ave.
Apr
Jun
2019-20
Aug
Oct
2020-21
The turning point A key lesson learnt through this pandemic is that consumer demand for beef has not wavered, it’s simply been an issue to get our products into the international markets. As the global market learns to adapt to the disruption Covid-19 has placed on it in the past year, market conditions should start to recover back to where producers and exporters would like to see them. Recent export data shows NZ beef is once again performing well in export markets. February volumes soared to a record 51,000t and average export values lifted from January despite the high volume shipped. Our reliance on the US and China markets is strong with 69% of our beef heading to either of these countries this season. The US beef import market has made strong gains this year as a shortage of supply out of Australia underpinned higher asking prices for NZ manufacturing beef. Despite the higher steer and heifer kill within NZ, slaughter rates of manufacturing bull and cow are mixed with far fewer cows making up the slaughter mix in recent weeks. This has tightened our ability to supply the volume the US requires. This trend will change as the autumn cow kill gets underway from early April, but it’s unlikely to gain enough momentum to pressure farmgate prices. Working in its favour is the expectation the recent upside in the US market will be maintained and a NZD which has pushed below US70c.
BULLS TO BE SOLD AT AUCTION IN CONJUNCTION WITH NETHERTOWN ANGUS - TUESDAY 8th JUNE 2021 Also home to
BLUESTONE SANTA GERTRUDIS
For Further Enquiries or Inspection please contact: Will Gibson - 027 436 0237 Email: will.fhgenetics@gmail.com
Anton & Liz Gibson - 03 464 3603 Email: a.egibson@ruralinzone.net
FOULDEN HILL HEREFORDS + BLUESTONE SANTA GERTRUDIS 706 Moonlight Road, RD. 3, Middlemarch 9598
32
Foulden Hill Genetics Country-Wide Beef
May 2021