FROZEN MEAT

Evening Post, Issue 29, 4 February 1935, Page 12

FROZEN MEAT

LONDON MARKET EASIER

The arrival of larger - shipments has caused the-market for New Zealand lamb in London to; ease slightly, according to the report received by cable by the New Zealand Meat Producers' Board. Ewe mutton is also slightly easier and trade in wether mutton is. slow. The beef market is steady,..-with"-fair, demand. Trade in New Zealand porker pigs is slow, and, with heavy stocks, prices are easier The market for New Zealand baconer pigs is steady and unchanged. The approximate average wholesale prices in London during the week, with those for the 'pi-* vious week in parentheses, are1— _New Zealand ' Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/56, 5 3-8 d uer lb fS 3-8 d); i SV/64,5 l-8d (5 -l-8d); 65/72? & (sd); North Island, 48/56, 5 3-8 d(5 3-Bdl--57/64, 5 l-8d (5 l-8d); 65/72, sd(sd). Ewes' 48/ under, 4%d (4 3-8 d); 48/64, 3 7-8 d (4d)-' 65/72, 3 3-8 d (3%d). : v V*u,, New Zealand Lambs.—Selected North Island brands, including Downs, 38/ under, 7%d (8d); 37-42, 7 7-8 d (8d); second quality, average 32, 7 l-8d (7%d); other North Island brands, first quality, 36/ under, 7%d (7%d); 37/42,7 5-8 d (7 7-8 d); second quality, average 32,;7d (7 l-8d). • :. Australian Lambs.—Victorian, first quality. 36/ under, 7d (7d); 37-42, 7 l-8d (7%d). ; Argentine Lambs.—36/under, 6 7-8 d (7d); 37/42, 6 7-8 d (7d). New Zealand Beef.—Ox fores, 3d (2 7-8 d), hinds, 3 7-8 d (3 7-8 d). ;, ' ■;; Argentine Chilled Beef.—Ox fores, 3%d 3 3-8 d); hinds, 5- d(5 l-8d). *. ,' Australian Frozen Beef .—Ox crops, over 100, 3%d (3%d); hinds, over 160, 4d (4d). New Zealand prime porker pigs, 60/80, 6d (6 l-8d); 81/100, 5%d (5 5-8 d); 101/120, 5%d (5 5-8 d). ... New Zealand Baconer Pigs.—l2o/160, 5%d (5%A). ~;■ ,: •;■ EQUIVAUENT PRICES. In regard to ■ the published' prices realised for New Zealand lamb delivered .to Smithfield market: The New Zealand Meat Producers' Board supplies the following table, giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on today's estimated ekin values and includes exchange at current: rates. The calculation is .on the. basis of a prime woolly lamb weighing, say, 341b, delivered at freezing works:— • If price 'delivered to .Smithfield is 7%d per lb, the New Zealand "overall" parity delivered at works is approximately 7.74 d per. lb; 7 5-Bd, 7.59 d; 7%d, 7.44 d. In the above estimate the cost of killing, freezing, and placing on board steamer is based on a charge of .575 d per lb. . • The Bank of Australasia has received the following cable, dated - February ■■ 1, from its London office:—"New Zealand lamb prices have checked demand, but with supplies increasing somewhat weaker values anticipated and this should stimulate trade; New Ze_aland mutton, demand limited owing to high prices, trade slow; wethers at. lower prices are being accepted—ewes, prices unchanged; New Zealand beef, stocks on hand and forward shipments light, market firm with upward tendency and expected to remain so. until supplies increased."■•'.-' '■ ■•■■'• ■•■