Big NZ kills help keep a cap on export manufacturing beef prices

BIG seasonal dairy bull slaughter in New Zealand is keeping a cap on imported grinding beef prices into the US at present. Last week’s quotes from Steiner Consulting in its weekly imported bef market report had 90CL prices at US196c/lb, down slightly on the previous week but still 6c/lb better than this time last year. In A$ terms, last week’s price at A573c/kg was up 6c/kg on the week before, but still A12c/kg shy of year-ago values. Seasonal increase in NZ bull slaughter is one of the pressures on lean and extra lean grinding beef prices lower, Steiner said. “Also…

Source: Beef Central
Big NZ kills help keep a cap on export manufacturing beef prices