mag
3-3-2005, 11:21 pm
GRAINS:
Lack luster so far this week, with nothing really to report.
BEEF:
Asian demand very subdued with holidays only
just coming to an end. Exception is price of tongue in Japan. Prices have increased 300% in a year and are now twice as expensive as tenderloin.
Live exports out of South America to China is proving to be very firm. And new negotiations are currently taking place with other Asian countries. It seams that a lot of cattle delivered to China and Asia were not exactly up to standards so they are now looking else where for a alternate supply, this coupled with a high AUD will cause some stagnation in the export of cattle
LAMB:
Russia is developing a market in taking a range of high priced cuts, mainly for restaurant trade at prices on par with EU returns and well above the U.S. import price.
A glut of High quality Lamb in NZ will place the trade under pressure.
Lack luster so far this week, with nothing really to report.
BEEF:
Asian demand very subdued with holidays only
just coming to an end. Exception is price of tongue in Japan. Prices have increased 300% in a year and are now twice as expensive as tenderloin.
Live exports out of South America to China is proving to be very firm. And new negotiations are currently taking place with other Asian countries. It seams that a lot of cattle delivered to China and Asia were not exactly up to standards so they are now looking else where for a alternate supply, this coupled with a high AUD will cause some stagnation in the export of cattle
LAMB:
Russia is developing a market in taking a range of high priced cuts, mainly for restaurant trade at prices on par with EU returns and well above the U.S. import price.
A glut of High quality Lamb in NZ will place the trade under pressure.