Meat steady in U.K.

Press, 11 January 1986, Page 20

Meat steady in U.K.

Meat wholesale and retail markets in Britain are reported as being steady, according to the Meat Board’s weekly market report. Since the last published report, on December 20,1935, the domestic beef market has remained steady. However, since that date domestic lambs have advanced lip a pound at live auction and by a similar amount at hooks, with numbers coming forward for sale showing a typical seasonal re-

duction. Agents expect domestic lamb prices will decline in the future. Demand for New Zealand lamb has been reported as brisk and offtake over the holiday period was better than expected. On the Smithfield market this week New Zealand PL grade lambs were quoted at 59.5 p to 60.5 p per lb (JNZ3.B2 - JNZ3.BB a kg). There is little interest in beef in the United States at

present, domestic product flooding the market. As demand is not sufficient to cope with increased quantities of domestic product, imported beef from Australia ano New Zealand has fallen in price. The average price of bull beef dropped half a cent to 99.5 U.S. cents per lb c.i.f. (JNZ4.43 per kg), while cow beef dropped the same amount to 93.5 U.S. cents per lb c.i.f. (JNZ4.I7 per kg).