Lamb prices ease, beef continues good run

Lamb prices remain healthy, although appear to have eased slightly, says a rural markets expert.

Prices for lamb had been creeping towards the $9 a kilo mark, however Heartland Bank Head of Livestock, Wayne McEntee, told Rural Exchange there had been a slight softening.

"It looks like things may have slightly eased, farmers I am talking to aren't quite hitting the $9 a kilo mark," he said.

However he said there were still good returns on lamb.

"The shine seems to have come off the store price, hitting the high tide mark, which is $4.40-$4.60 a kilo."

"The finished article is closer to that $9 a kilo"

McEntee said beef prices were still strong.

"In the prime area, anywhere from $5.80- $6 a kilo, so US buyers are still being beaten up by Chinese buyers which is keeping everything pretty buoyant."

Watch Wayne McEntee's full interview with Rural Exchange.

 

This Rural Exchange Market Update article was created for Heartland Bank

Rural Exchange with Hamish McKay and Richard Loe, 6-8am Saturday and Sunday on Magic Talk.

 

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