SMITHFIELD MARKET

Press, 23 May 1977, Page 14

SMITHFIELD MARKET

Prices for New Zealand 1 lamb on Smithfield and ; other U.K. meat markets ’ were firm last week, the ■ London office of the New i Zealand Meat Producers’ j Board reports. Off-take was < steady in an otherwise slow 1 meat trade. I Beef prices eased a little) during the week as supplies I reverted to more normal) levels, and demand continues) slow. Domestic lamb values! were also lower, with heav-) iier pitchings. Pork and poultry remain slow trades. I Quotations for New Zealand lamb were: Price Varin per lb per lb Pt 42.5-43.0 <0.25 PSI .. .. 41.0-42.0 ii.e. PH .. .. 40.0-41.0 n.c. YL41.0-42.0 -4-0.25 Nominal quantities of New Zealand lamb cuts sold at:Leg . .. 64.0-66.0 Long loins .. 48.0-50.0 Short fores 36.0-38.0 MANUFACTURING BEEF The North American market for imported boneless cow beef has undergone another nervous week with prices continuing to retreat, the board’s New York office reports. Boneless cow beef was quoted at 62 cents peri

1b c.i.f. compared with 62.5 c a week ago. The market weakened further late in the week. However, with summer temperatures being experienced across most of the Continent, the takeaway food business is expected to (perk up,' and sausage and I hamburger manufacturers (were more active last week. [ MUTTON The Mutton market ini [Japan last week has not) [been active, except for a report (hat a few hundred [ tonnes of Australian carcase i mutton has been purchased 'at 42.9 U.S. cents per lb c. land f. Japan for June shipIment, reports the board’s Tokyo office. Since the possibility of another Russian purchase of New Zealand mutton was reported two days ago, Japanese importers and ham makers have stepped back to await the outcome. A few New Zealand quotations of 46 U.S. cents for carcase mutton for June onward shipment are being received. Australia has been quoting its carcase mutton at around 42c and 66-72 c for boneless mutton, for June and July; [shipment. I