FROZEN MEAT TRADE

Dominion, Volume 28, Issue 210, 3 June 1935, Page 12

FROZEN MEAT TRADE

Lamb Quiet at Higher Prices CONSUMPTION MAINTAINED Lamb market: Firm, but quiet at the higher prices. Consumption continues good. Muttoii market: Wethers and ewes steady, but trade slow. Beef market: Quiet owing to reduction in prices, of Argentine chilled beet’. New Zealand porker pigs: Trade slow, with prices easier. New Zealand baeouer pigs: Market quiet and unchanged. The above report was received on Saturday by tlie Meat Board from its London office, which advises that the following are tile approximate average prices realised for tlie week ended May 31, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for tlie 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: — New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 4Slb. to 561 b., 41-Sd. | (same) ; 571 b. to 641 b., 3 (-Bd. (3s<L, 35-8 d.); 651 b. to 721 b., 3 5-Bd. (30-Bd., 34d.). North Island. 4Slb., to 561 b., 41-bd. (same) ; 571 b. to 641 b., 3sd. (3sd., 3sd.) , 651 b. to 721 b., 3 5-Bd. (3 5-Stl., 3Jd.). Ewes, 4Slb. and under. 3Jd (eanie) ; 481 b. to 641 b., 2 7-Bd. (2 7-8(1., 2sd.); bulb, to 721 b., 2 5-Sd. 2 5-Bd., 2Jd.). New Zealand lambs: Canterbury. 361 b. and under, 7(1. (6 7-8(1., 64d.); 371 b to 421 b 7(1. (6 7-Sd.. 6sd.) ; 431 b. to 501 b., 6sd.' (osd., 6Jd.). Second quality, average 321 b., 6-ltl. (6 l-Bd.. 57-8(1.). Other South Island brands, 361 b. and under, id. (6 7-Bd., 64d.) ; 371 b. to 421 b., id. (6 i-Bd., 64d.); 431 b. to 501 b., 6sd. (6sd., 64(1.). Selected North Island brands, including Downs, 361 b. and under, 7d. (id.,Md.) ; 371 b. to 421 b., 7d. (7d., 6-Jd.) 1 431 b. to 501 b., 65(1. (63d., 6}<l,). Second quality, average 321 b., 6 3-89. (6 3-Bd., 61-Bd.). Other North Island brands, first quality. 361 b. and under, 6sd. (6sd., 6 3-8 d.); 3 db. to 421 b., 6sd. (GJd., 6 3-Sd.). .£ec9 Ild quality, average 321 b.. 61(1. (61-Sd., 57-Bd.‘). ' , Australian lambs: Y ictonan, first quality. 361 b. and uii(ler._o J. (uid., bril.) , 371 b. to 421 b., 5 o-Bd. I u u-bd ., u 3,89.). Argentine lambs: o6lb. and undei, osd. (53d., 54(1.): 371 b. to 421 b.. aid. (aid., 51-Bd.). ~ . , New Zealand beet : Ox fores. .>d. (2 7-Bd., 23d.) ; ox hinds, 4d. (4(1., old.). Argentine chilled beef: Ox fores,_34<l. (3 5-8 d„ 3 3-8(1.) ; ox hinds, 5Jd. (6 a-Sd., frozen beef: Ox crops, over 1001 b, 3 3-8(1. (same) ; ox hinds, over 160 lb.. 41-Bd. (41-Sd., 4d.). . New Zealand prime porker pigs. Wlb. to 801 b„ 5 5-Sd. (SJ(L. 5 <-Sd.l>; 811b..t0 1001 b.. 5 3-89. (5Jd., 54d.): 1011 b. to 1-0 lb., 53-8(1. (same). . New Zealand baconer pigs: 1-Olb. to 1601 b., 55-Bd. (same). By Telegraph. —Press A-ssn. —Copyright. (Received June 2, 6.30 p.m.) London, June 1. Australian lambs, all States, third quality, average about 261 b., 5 7-Bd. Argentine Jambs, second quality, average about 281 b„ 5 7-Sd. .Market Quiet But Steady. Levin and Co., Ltd., have received, the following cable from their London agents, dated May 31: —Frozen meat quotations are unaltered. Market quiet, but steady. The Bank of New Zealand, Produce Department, has received the following advice from its Loudon office as at close of business last week: —There is very little inquiry for wethers. The market for ewes is rather easier. The advance in prices for lambs has checked the demand, but it is anticipated that prices will now remain steady. The demand for beef is affected by low prices of chilled. Trade, generally, is slow. Wethers, light, 33d. to 43d. per lb.; heavy, 3d. to Ewes. 21(1. to 3 3-Sd. Lambs, 2s, 6 i-8(1. to 71-8(1.: S's. 6 7-Sd. to 7(1.:: 4s, 6 5-Bd. to 63(1.: seconds. 61-8(1. to 64d. Beef. Ox hinds. 35(1. to 49.; foies, 2;>-B<l. to 27-Bd. Equivalent New Zealand Parity. In regard to the prices realised for New Zealand lamb delivered to Smithfield market, the Meat Board supplies the following table, giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on to-day’s estimated skin values and includes exchange at current rate. The calculation is on the basis of a prime woolly lamb weighing, say. 341 b.. delivered at freezing works: —

In the above estimate the cost of killing, freezing and placing on board steamers is based on a charge of ,575 d. per lb. APPLES IN GOOD DEMAND London Market Firm By Telegraph.—Press Assn.—Copyright. (Received June 2, 7.25 p.m.) London, June 1. Apples are in good demand. New Zealand’ Stunmers, 9/6' to 11/- a ease; Jonathans, 9/6 to 12/3; Delicious, 10/3 to 12/-; Duimis, 9/irto 10/6; Cleopatras, 10/- to 11/-; Statesman, 9/- to 10/3; Rokewood, 10/6 to 11/-. Australian: Jonathans, 8/- to 11/-; Cleopatras, 8/6 to 10/6; Dunns, 10/6 to 10/9; Coxs, 10/to 18/-; Sburmers. 9/3 to 10/9. Pears: New Zealand, Winter Nelis, 12/6 a box. Australian, Winter Nelis and Josephines, 9/- to 11/6 a box; Winter Cole, 8/- to 9/9. GRAIN AND PRODUCE Canterbury Markets By Telegraph.—Press A<*sociation. Christchurch, May 31. Values of' potatoes have beeu very irregular during the week, but there has been a sharp firming, due largely to forward operators coming on the market to cover their deliveries. As an instance of the variation in values potatoes were sold at Lyttelton on the same day at a difference of 10/- a ton. Fluctuations make definite quotations difficult, but Dakotas at the moment may be quoted at £5/17/6 a ton, f.0.b., s.i.. for prompt, aud up to £6/5/- for whites. The equivalent value to farmers ou these prices is £4/10/- to £4/12/6 for Dakotas, and £4/15/- for whites. Auckland inquiry has been almost entirely absent (luring tlie firming. Sales were effected curlier in the week at higher f.o.b. s.i. values than those quoted, but tlie market is now quieter though no weaker. The Wnimarino and Kurtigi between them took 8500 sacks from Timaru and Lyttelton, and the' Gabriella is loading at 'Timaru to-day, and will also lift some potatoes at Lyttelton. An estimate of her cargo is not yet possible. There is no change in the oats market Southern A Gartons are worth 3/2 f.0.b., s.i„ and B's 3/-. Quotations for best quality Duns are 3/3 on trucks, and Algerians 2/2 to 2/4. Chaff is slow of sale, the mild weather no doubt biting an influence in the slack demand. Values on trucks are £3/o/- to £3/(/6 a ton. There is no change in the market y>r partridge peas, which are quoted at 5/9 to 6/- u bushel on trucks, but so far there is no demand for export. Onions are still making high figures, from £l2 In £l2/10/- a ton. on ti'ucks, but the quality is now uncertain, and the demand at: the high pi’iee is not very keen. Fowl wheat and all classes of small seeds .’ire unaltered, and stocks are firmly held.

N.Z. parity Smithfield (approx.) d. per lb. d. per lb. 7 7.50 67-8-7.35 6J 7.20