Yearling bull sales take off

Spring yearling bull sales are carrying on from where the upbeat winter two-year sales left-off.

An early Northland sale had a full clearance of 102 young bulls at average prices about $3000 a head, well above last year’s levels and a Wanganui sale of Angus bulls achieved average prices about $2600, a $700 gain over last year.

Call to licence stock agents

Closing arguments begin today in a civil case between the Clark family, which is seeking compensation from Rural Livestock over its claim of missing livestock.

All bulls go in annual sale

Angus yearling bulls sold readily to mostly Northland dairy farmers at the 30th annual Te Atarangi Angus on-farm sale for vendors Chris and Karren Biddles at Te Kopuru on the Pouto Peninsula.

Beef solid but bumpy

An expected surge in United States domestic beef supply hasn’t occurred yet but continuing drought in many important grazing states means it is still coming.

Strong beef pricing has also helped the market as many farmers sent animals away for processing earlier and lighter than usual, Rabobank’s New Zealand animal proteins analyst Blake Holgate said.

Action groups are still growing

More than 700 farm businesses have joined Red Meat Profit Partnership Action Network Groups with more than half them in three regions.

Most groups have been formed in Waikato-Bay of Plenty with 133, Canterbury 118 and Otago 114.

Allied Farmers still rebuilding

Allied Farmers continues to rebuild financial strength though its operating earnings are marginally lower in the latest year.

Operating cashflows are down as the livestock division traded well with a strong second-half offsetting weaker first-half trading but overall not up to the previous year’s earnings levels. Meat processing returns were also lower.

Feedlot poses no M bovis spread risk

Canterbury's Five Star Beef feedlot has been issued with a Notice of Direction after being suspected of having Mycoplasma bovis following an intake of 44 cattle from a supplier who has subsequently been found to have Mycoplasma bovis.

Sheepmeat and beef levies to increase

Beef + Lamb New Zealand’s (B+LNZ) Board has decided to proceed with the proposed increase in the sheepmeat and beef levies following significant support from farmers.

NZ holds fire on Indonesia

New Zealand is keeping its trade retaliation guns holstered for the time being in its billion-dollar beef dispute with Indonesia.

Sun shines on Blue Sky

Blue Sky Meats achieved first-quarter earnings not far short of the results for the previous full year.