MEAT PRICES EASIER

Dominion, Volume 26, Issue 31, 31 October 1932, Page 12

MEAT PRICES EASIER

Home-killed in Heavy Supply u, MARKET DEPRESSED Lamb market: Moro inquiry for prime lambs 36/under, but others easier, especially second quality. Market continues overloaded with homo-killed. Mutton market: Wethers quiet with trade slow. Ewes: Prices easier with fair demand. Beef market: Depressed owing to low prices of Home-killed selling at sd. per lb. for sides. New Zealand porker pigs: Easier in sympathy with heavier supplies and lower prices of Home-killed. New Zealand baconer pigs: Nominal. The above report was received. on Saturday by the Meat Board from its London office, which advises that the followin" are the approximate average prices realised for the week ended October 28, based on actual transactions of. wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown:— N.Z. sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 48/56. old. (3jd., 3 3-Sd.) ; 57/64. 3d. (3d., 3 1-Sd.); 65/72, 2 7-Sd. (2 7-Bd., 3d.); North Island crossbred wethers and maiden ewes, 48/56, 3d. (3id„ 3 3-Sd.); 57/64, 2 7-Sd. (3d.. 3 l-8d.); 65/72, 2Jd. (23d.. 3d.); ewes, 48/ under, 2RI. (2}d., 23-8 d.); 48/64, 1 7-Sd. (2d., 2 l-8d.); 65/72, IJd. (1 7-Bd., 2d.).

N.Z. lambs: Canterbury. 36/under. 5 1-Sd. (5d., 5d.); 37/42, 4 5-Sd. (4 5-Bd., 4Jd.) ; 43/50. 4d. (same) ; 2nd quality, average 33, 3 7-Sd. (4d.. 4d.); other South Island brands. 36/under, sd. (4 7-Bd., 4 7-8 d.): 37/42, 4jd. (4 5-Bd., 4 5-Sd.) ; 43/50, 3 7-Bd. (3 7-Bd., 4d.) ; selected North Island brands. 36/under, 5 1-Sd. (same) ; 37/42, 4s<l. (4 5-Bd., 4Jd.); 43/50, 3 7-Sd. (3 7-Sd., 4d.); 2nd quality, average 31, 3 7-Bd. (4d., 4d.); other North Island brands. Ist quality, 36/under, 4|d. (same) ; 37/42, 4 l-Bd. (43d.. 4 3-8 d.); 2nd quality, average 31, 3 5-Sd. (3?d., 3 7-Sd.).

Australian lambs: New season’s —Victorian, Ist quality, 36/under. 4 5-Sd. (4 5-B<l., 4?d.); 37/42, 4 1-Sd. (4 3-Sd., 4Argentine lamb: Ist quality (new season’s), 36/under. 43d. (4 5-Bd., 4|d.); 37/42, 4}d. (4 3-Sd., 43d.). N.Z. beef: Ox fores, 1 7-Sd. (1 7-Sd., 2d.): ox hinds, 2 7-Bd. (2 7-Sd.. 3d.); cow fores and cow hinds, not quoted. Argentine chilled beef: Ox fores. 2Jd. (2-Jd., 2 7-Sd.) ; ox hinds, s}d. (53d., 5 5Australian frozen beef: Ox crops, over 100. 23d. (same) ; ox hinds, over 160, 3d. (3d.. 3 1-Sd.). N.Z. prime porker pigs: 60/100, sd. sid., 5 3-Sd.); 101/120. 4 5-Sd. (4fd., 5d.). N.Z. baconer pigs, 121/ISO, sd. (same). (Rec. October 30, 5.5 p.m.) London, Oct. 29. Australian sheep: First quality crossj»ed and/or merino wethers, 40/65, 2 3-Sd.; ewes, 30/55, 2 3-Bd. Australian pigs: 'First quality, 60/110, average 90, 5d.; 111/120. 4 5-Sd. Rabbits.: First, large, ex store, 14/6. Market Dull. The Bank of New Zealand, produce department, has received the following advice from its London office as at close of business last week:—The market for wether mutton is depressed owing to absence of demand. The demand for ewes is moderate but prices are a shade lower. The market for lambs is steady, and the demand for lightweights is good. The market for beef is depressed owing to heavy arrivals from all sources. Wethers, light, 3d. to 33d. per lb.; heavy, 2 3-Sd. to 2 7-Sd.; ewes, 1 5-Bd. to 23d.; Lambs. 2’s, 43<1. to 5d.; S’s, 4jd. to 43d.; 4’s, 3 5-Bd. to 4d.,; seconds, 33d. to 4d. Beef: Ox hinds, 21d. to 3d.: fores, 13d. to IJd.; cow hinds, 2d. to 2|d.; fores, lid. to Ijd.

Levin and Co., Ltd., have received the following cablegram from their London agents, dated October 28: —Compared with last week’s cabled advices, frozen meat quotations are unaltered. The market is quiet. LIVE STOCK MARKET Feilding Sale At the Feilding sale on Friday, Associated Live Stock Auctioneers had an average yarding of fat sheep, and although prices showed a slight casing on recent sales, the whole of the yarding was sold. There was a fair yarding of store sheep, the majority of which were quitted at satisfactory prices. There was again a heavy yarding of fat cattle, and although prices showed an casing tendency on last week’s rates, the bulk of the yarding was quitted under the hammer. There was a large yarding of store cattle. Although bidding was not keen, practically the whole yarding changed hands.

Dairy cattle were again yarded in large numbers, and the quality not being up to the usual standard, prices receded slightly. Fat sheep: Faff ewes, shorn, 4/8, 5/7, 5/10, 6/-. 6/6. 6/8, 6/9, 7/3; woolly fat ewes, 6/10, 7/-; fat shorn wethers, 11/-, 11/3. 11/4. to 11/G; fat shorn hoggets, 9/6, 9/8, 10/3, 10/8 to 11/6; fat woolly hoggets, 10/- to 12/-; spring lambs, 9/6, 10/6, to 11/-. Store sheep: Four-year ewes with b.f. lambs at foot, 14/10 to 16/9; medium wether hoggeTs, woolly, 8/4, 9/7 to 10/-; small 4-th. woolly wethers, 8/4 to 10/-; ewe hoggets. 11/- to 13/-; store ewes, 1/6, 2/3 to 2/10. Fat cattle: Heifers, £2/10/-, £3/19/-, £4/8/-. £4/13/-. to £4/16/-; cows, £3 3/-. £3/11/-, £3/17/-, £4, £4/4/-, £4 7/6; fat cows, dairy sorts, £l/11/-, £1 15/-, £2, £2/7/6 to £2/9/-; light fat bullocks, £5/10/-. Store cattle: Yearling Jersey heifers, £3/5/-. £3/17/-. £4, £4/3/6. to £4/15/-: small ditto. £2/6/- to £2/10/-: yearling P.A. heifers, 24/-; 2-year S.H. heifers, £1 15/-; 2-year P.A. heifers. £2/2/-; 3 and 4-year P.A. heifers. £2/18/-; 2-year Hereford heifers, £2/10/-; empty P.A. cows, £2/1/-; empty Hereford cows, £1 15/-; 4-yenr P.A. bullocks, £3/12/-, £3 17/6, to' £4; rough 4-year bullocks, £2 15/-; store cows. 5/-, 6/6, 8/.. 9/-, to 11/-: forward cows, 27/6, £l/15/-, to £2/2/-. Dairv cattle: Heifers, r.w.b., £5/10/-, £6/10/-. £7. £7/10/-. to £8; small heitors, r.w.b.. £2/5/-. £3/7/6. £4/12/6 to £5: heitors in milk. £3/15/-, £4/1.5/-, £5/5/to £6/10/-; dairv cows, springing, £4/5/-. £5. £5/5/-. £5/12/6. £6. £7/10/-, to £ll. Bulls : Dairy bred. £2/15/-. £3. £3/15/-, £4. £6 to £7/10/-: pedigree yearling bulls, 4jgns. to sJgns. Price of Gold (Rec. October 30, 6.30 p.m.) London. Oct. 29. The price of gold was unchanged to-day at 125/S per fine ounce. AUCTION DIARY TO-DAY. rahiatun spring cattle fair, 11.30 a.m. (Associated Auctioneers). Tihoranga Rd., Melting, 1.30 p.m. (E. Johnston). Levin Sale. TO-MORROW. Walter St., 1 p.m.—Used cars (E. Johnston). Allen St., meat and poultry (Townsend and Paul). Shannon Sale. Willis St., 11 a.m.—Cake shop fittings, scales, ofc. (I. Silverstone.) Junction Hotel Yards, Dannevirke, 12.30 p.m.—Horse sale (P. Roakc & Son.) WEDNESDAY. Johnsonville Fnt Stock Sale. 113 Moleswortli St., 1:1 noon—Art treasures (E. Johnston.) Masterton Spring Cattle Fair (N.Z. Farmers’ Co-op. Dist, Co.)

WHEAT PRICES COLLAPSE

Chicago’s Low Records (Rec. October 30, 6.30 p.m.) Chicago. Oct. 29. A new low record for wheat futures in seventy years’ trading in the Wheat Pit, and an cighty-year bottom record in the cash price, was established to-day when December wheat dropped on persistent liquidation by tired long interests, and the nominal price of No. 2 hard winter reached 44i cents. Wheat reached 34 cents in July, 1852, but at. that time Chicago had not established its place as the world’s grain market. The collapse of prices to-day is attributed to news that the Australian harvest lias begun, and that Argentina is prepared to cut prices, this presaging fierce world competition. New York, Oct. 29. Chicago wheat: December, 44 1-8 cents; May, 49 5-8 cents; July, New York, cash, 52 5-8 cents. Ivondon, Oct. 28.

Wheat cargoes to-day were steadier on better overseas closing. .Sellers were inclined to resist making concessions. Four cargoes of Australian, new crop, February shipment, were sold to the Far East at prices that were not revealed. Parcels were quietly supported, lianitobas advanced 6d to 9d- Australians were unchanged. Parcels ex Buteshire and Devon sold at 26/9. and ex Talisee at 20/6 net in bulk. Futures: London, December. 23/•> per quarter; February, 22/8: April, 22/10. Liverpool, October, 5/4 7-8 per cental; December, 5/2 7-8; Marell, 5/1.