SMITHFIELD MARKET

Press, 10 April 1978, Page 24

SMITHFIELD MARKET

The New Zealand lambj trade in England and Wales: last week was steady with a' good off-take, reports the New Zealand Meat Producers’ Board in its weekly l market survey. Trading in general was quiet under the influence of increasing prices for home-killed red meat. On Smithfield, beef prices) moved up a further 2p to 3p. With only small supplies! available home-killed hogget: moved up to record levels, ■ reaching 66p for specials. , New Zealand lamb prices! are expected to move up by' several pence during the. next month because of in-, creasing beef prices and the! large gap between home-1 killed hogget and New Zea-| land lamb prices. Quotations for New Zealand lamb were: Price Var’n P P per lb per lb P.L. .. 45.0-46.0 n.c. P.M 44.0-45.0 n.c. ■

>IP.H. 43.0-44.0 n.c. , Y.l 44.5-45.5 n.c. ‘ Prices for nominal quantijties of New Zealand carton J cuts were: ,;Legs 67.0-69.0 n.c. Long loins 47.0-48.0 n.c. I Short fores 35.0-37.0 n.c. ’ MANUFACTURING BEEI In a relatively quiet week .'for imported beef on the ''United States market last [.week, New Zealand cow-beef J. d at an average of 95.5 JU.S. cents per lb. c.i.f.. a J gain of 1.5 c on the previous . week. This time last year ’.'the average price was 62.5 c. , Domestic prime forequarters J are now cheap enough for .[manufacturers to grind into J hamburger beef although /domestic cow prices are holding steady in a short . supply situation. MUTTON i The Japanese mutton market continued to be quiet ' last week, with little or no J interest front buyers.