SMITHFIELD MARKET

Press, Volume CXV, Issue 34008, 24 November 1975, Page 22

SMITHFIELD MARKET

Firm prices for lamb Prices for modest pitchings of New Zealand lamb at Smithfield market firmed as the week progressed, ai-: though the higher prices for grades D and 2 reflect the. ■relative shortage of these grades, reports the London office of the .New Zealand Meat Producers’ Board. Indications from round the, country are that the New Zealand lamb trade is steadily improving. Prime grade—281b and under 32.0-33 0 -0.50| 291 b to 361 b .. 32.0-30.5 4-0.25' 371 b to 421 b .. 28 0-29.0 + 1.00! 431 b to 561 b .. 27.0-28.0 +l.OO (nominal) Y grade—281b and under 29.0-30.0 +0.25 291 b to 361 b 29.5-30.5 +0.50 i nominal) Light pitchings of New; Zealand lamb cuts in cartons; ileared readily at the follow-' ing prices: Legs . 45.0-47.0 n.c.l Long loins 34.0-35.0 n.c.l Short fores 23.0-25.0 n.c. 1 Official confirmation that; with the cut-off of Australian beef imports imminent, the price for domestic frozen beef was pushed up 3c to 4c per lb by Monday afternoon, reports the board’s New York office. However by mid-week the market had settled, with downward pressure from the record production of domestic beef. Amid this activity, there was very little trading of imported beef for delivery in the rest of 1975, and the relatively few sales of New Zealand beef for delivery in Smithfield market firmed as January were quoted on present price levels about U.S. 60c per lb c.i.f. as reported two weeks ago. No declarations Declarations under the news media act are no longer required to accompany transfers of shares in Wilson and Horton, Ltd.