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PRICE OF BEEF IN SYDNEY.

'Last year at Homebush was a record for cattle! (says the <v Sydney Stock and 'Station Journal"). The total -number 50 1d—279,295—was some 35,000 above the previous best, which was made the year before. It pans out at well over 5000 a week. There were several weeks, too, in which there was only one s-ile It is a wonderful increase on what used ,to be. Six or eight years ago a week's supply was in the region oi: 2000 head. The total yarding for 1904, for instance, was 83,865—a long way under 2000 for the week. Then years ago'l2oo head was a big supply for the day. Now we have, as many as 360O: for/ one day. Monday used to be a, day of six or seven hundred head 10 years ago. Now it generally ranges from 2500 to 3000, and occasionally higher. The export trade has been wonder-, fully Btrong--more especially in preserved meats. A great demand has come from the United States, both m frozen and tinned meat. This promises to increase greatly. The trade with California is developing. The duty is off, and the frozen meat is going- in fast. What is needed badly is more shipping space. , ; The trouble is with the freight. There aro not enough ships in the business. .Moreover, New Zealand comes first with' one line, and Australia gets only what is left. When there is plenty of .freight, the business ought to boom. Room, too, it is to be hoped, will be made for chilled beef. The shipping companies are not touching it at present, because, they say, frozen meat pays better. But this cannot go on indefinitely. -.■..-:• The coming 'of . the American companies to Queensland, .too;, must/make' a^ big; difference in .the priceTof stock.. Indeedv the difference is already being felt. Cattle are selling better in the Northern State now than ever before. It is reported, too, that the Americans have bought thousands and thousands of cattle in Queensland to be delivered two and. thvee years hence. They areonly calves now, but the Americans are getting in early. They are buying up the_. supply.. . ' . ■ In one way, this will make cattle dearer in New South Wales-, we will not be able to draw on Queensland for stores to anything like the same extent. Moreover, some of the fats are almost bound to be diverted from the Sydney

market. A further factor that must make cattle dearer in the immediate future in this State is that so many fats have been purchased for outside markets. Mr Sydney Kidman and Mr Morrissey have bought up thousands of head throughout Nevr South Wales, and they are all going to other markets. Which means that there will be that many fewer to come to Homebush this year. Prices now are high at Homohush. On January 12, for instance, a draft of bullocks that would not average 800 1b in weight averaged/£lo' 17s. But there is a general belief in the trade that cattle will go much higher before much of tho year is gone Some exnect to get within .coo-ce.of " 40a per .hundred." ;.•'

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG19140226.2.66.2

Bibliographic details

PRICE OF BEEF IN SYDNEY., Ashburton Guardian, Volume XXXIII, Issue 8803, 26 February 1914

Word Count
523

PRICE OF BEEF IN SYDNEY. Ashburton Guardian, Volume XXXIII, Issue 8803, 26 February 1914

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