SMITHFIELD MARKET

Press, 28 August 1978, Page 14

SMITHFIELD MARKET

The meat trade in England and Wales during the past week has been very slow, reports the New Zealand Meat Producers’ Board in its weekly market survey. New Zealand lamb eased slightly on Smithfield during the week. Ip for PM grade, but in the country, where there is a greater throughput, values were significantly stronger with PM’s at 55 to 56p. During the past two weeks many independent butchers have moved over to home-killed lambs 5 which are now only 3 to 4p dearer than the New Zealand product. However, supermarkets continue to stock New Zealand lamb, offering a continuity of supply to their customers throughout the year. Prices for New Zealand lamb sold on Smithfield last

Nominal quantities of New Zealand lamb cuts in cartons sold at the following prices.—

MANUFACTURING BEEF There was a stronger trend in the United States manufacturing beef market

last week, although buyers were reluctant to cover supplies too far ahead. End users showed a greater interest in New Zealand cow-beef which traded at 87.5 US cents per lb, C.I.F. 3c higher than last week. MUTTON The Japanese mutton market was quiet again last week after the disruption of the foreign exchange market. Several small parcels of New Zealand MM grade mutton have been sold around 49 US cents per lb, C and F Japan, some for prompt, but mainly for October shipment.

week were.— Price Var’n P P per lb per lb PL 53.0-54.0 -0.50 PM 53.0-54.0 -1.00 PH 53.0-54.0 -1.00 YL 50.0-52.0 -0.25

Legs . 80.0-83.0 +3.50 Long loins . 65.0-67.0 +2.00 Short fores . 37.0-39.0 +3.50