EXPORT MEAT TRADE.

Auckland Star, Volume LXVI, Issue 129, 3 June 1935, Page 4

EXPORT MEAT TRADE.

PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cable from its London office, dated 31st May, advising that the following are the approximate average prices realised tor the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market, and/or ex London stores: — Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b to 561b, 4%d; 571b to 641b, 3%d; 651b to 721b, 3%d; North Island, 481b to 561b, 4%d; 571b to 641b, 3%d; 651b to 721b, 3%d; ewes, 481b and under, 3'/2d; 481b to 641b, 2%c1; 651b to 721b, 2%d. Lambs.—Canterbury, 361b and under, 7d; 371b to 421b, 7d; 431b to 50ib, 6%d; second quality, average 321b, 6%d. Other South Island" brands, 361b and under, 7d; 371b to 421b, 7d; 431b to 501b, 6%d. Selected North Island brands, including Downs, 361b and under, 7d; 371b to 421b, 7d; 431b to 501b, 6%d; second quality, average 321b, 6%d. Other North Island brands, first quality, 361b and under, 6%d; 371b to 421b, 6%d; second quality, average 321b, 6%d. Australian Lambs. — Victorian, first quality, 361b and under, 5%d; 371b to 421b, 5%d. Argentine Lambs.—36lb and under, 5%d; 371b to 421b, 5%d. New Zealand Beef.—Ox fores, 3d; ox hinds, 4d. Argentine Chilled Beef.—Ox fores, 3»/4d; ox hinds, 5%d. Australian Frozen Beef.—Ox crops, over 1001b, 3%d; ox hinds, over 1601b, 4%d. New Zealand Pigs.—Porkers, -601b to 801b, 5%d: 811b to 1001b, 5%d; 1011b to 1201b, 5%d; baconers, 1201b to 1601b, 5%d. Lamb market firm, but quiet at the higher prices. Consumption continues good. Mutton: Wethers and ewes steady, but trade slow. Beef market quiet owing to reduction in prices of Argentine chilled beef. New Zealand pigs: Porker trade slow, with prices easier; baconor market quiet and unchanged. The Bank's Report. The Bank of New Zealand has received the following advice from its London office as at the close of business this week:— Wethers. —There is little inquiry. Ewes.—The rfemand is rather easier. Lambs.—The advance in prices has checked the demand. It is thought prices will remain steady at present quotations. Wethers, light, 3%d to 4%d per lb; heavy, 3d to 3%d; ewes, 2%d to 3%d; lambs, twos, 6%d to 7%d; eights, 6%d to 7d; fours, 6%d to o%d; seconds, 6%d to 6y 2 d. EXPORT PARITY. In regard to ' the published prices realised for New Zealand lamb delivered to Smithfield market, the New Zealand Meat Producers' Board supplies the foTTowing table, giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on to-tlay's estimated skin values, and includes exchange at current rates. The calculation is on the basis of a prime woolly lamb weighing, say 341b, delivered at freezing ■ works:— If price delivered to N:Z. "overall" parity Smithfield is delivered at works, (d. per lb.) (approx. d. per lb.) 7 7.50 OJ 7.3. _ » OS 7.20 Note.—lll the above estimate the cost of killing, freezing, and placing on board steamer is based on a charge of .575 d per lb. LOCAL SCHEDULE. LAMB RATES HIGHER. The current schedule of prices for fat stock on hooks .at freezing works is as follows (rates for pigs being approximate): — Lambs—Up to 421b. 6%d per lb; over 421b, 5%d; seconds, 6%d. Wethers.—Under 481b, 4%d; 491b to 561b, 4%d; 571b to 611b, 4%d; 651b to 721b, 4d; over 721b, 3%d; seconds, 4%d. Ewes, under 481b, 3%d; 491b to 561b, 2%d; 571b to 641b, 2%d; 651b to 721b, 2%d; over 721b, 2%d; seconds, l%d. Pigs.—Porkers, 601b to 801b. sd; 811b to 1001b, 4%d; 1011b to 1201b, 4%d; baconers, 1211b to 1601b, 5%d; seconds, %d per lb less. . i