SMITHFIELD MARKET

Press, 30 August 1977, Page 27

SMITHFIELD MARKET

Realisations for New Zea-1 land lamb weakened a little) last week in England and; Wales, reports the New Zea-, land Meat Producer’s Board) in its weekly market survey. I There was some improve-; ment in home-killed beef, i lamb and pork, but the wea-i kening of New Zealand lamb' was mainly attributed to! current heavy arrivals, with all port facilities handling the product working to capacity. Cold storage is at present! tight and some importers have been reluctant to store sizeable numbers of newly arrived lamb, in spite of, the fact that supplies are expected to taper off from' mid-September for the remainder of the year. ! Prices for New Zealand | lamb on Smithfield were: Price Var'n P P perlb perlb PL .. .. 41.0-42.0 —0.25 PM .. .. 39.0-40.5 —0.50 : Pl I 35.0-37.0 —0.50 YL .. 39.5-41.0 —0.75 Nominal quantities of New

{Zealand carton cuts were: ;L<?gs 64.0-66.0 n.c. '.Long loins 48.0-51.0 n.c. IShort fores 32.0-35.0 —0.25 MANUFACTURING BEEF i In a week of light trading,: 'the United States beef market rallied somewhat, with; (imported cow beef sales ave-i (raging 57.5 c a lb c.i.f.; this i i'is one cent better than the previous week. The domestic ; kill continues at a high level, and domestic beef prices show little improve-1 ment. MUTTON Currently New Zealand has not been quoting on the Japanese mutton market. The trade has reported a few purchases of Australian ' boneless mutton, but other-' wise the market has been I quiet. i Prospctus out Marac Holdings. Ltd, has ' withdrawn its current prosi pectus after an error in a 1 table had been found. /. re- ’ placement prospectus will be issued in about two weeks.