Smithfield market

Press, 3 July 1978, Page 16

Smithfield market

Prices for New Zealand lamb firmed a further Ip on Smithfield this week with prime lambs reaching 54p and prime-mediums 53p. However, the selection of grades available and supplies generally have been limited. It is clear that a considerable volume of sales has been lost during the last few weeks because of the light arrivals caused by industrial stoppages in New Zealand, reports the New Zealand Meat Producers’ Board in its weekly market survey. Quotations for New Zealand lamb were:— Price Van’ll P p .v ner lb per lb PL .. 53.5-54.0 + 1.5 PM ... 52,5-53.0 +l.O PH .. 51.0-52.0 +0.5 (nominal) YL 53.0 — Nominal quantities of New Zealand lamb cuts in cartons were sold at the following prices: Lees .. 76.0-78.0 +3.0 Long loins .. 58.0-60.0 +6.0 Short fores 38.0-40.0 — MANUFACTURING BEEF Prices for imported cowbeef on the United States market continued to drop this week, averaging about 79US cents oer lb. C.1.F., compared with 85U.S. cents last week, and only limited quantities were sold. With domestic cow-beef slaughter continuing at high levels, plus heavy arrivals of imported cow-beef, the mar-

ket is currently suffering from indigestion. MUTTON

The keen interest shown in the Japanese mutton market last week continued this week, with considerable tonnages being sold at prices up to 47.5U.5. cents per lb C. and F.