FROZEN MEAT TRADE

Wanganui Chronicle, Volume 79, Issue 30, 5 February 1935, Page 11

FROZEN MEAT TRADE

lamb prices easier. BEEF MARKET STEADY. Lamb market: Increased landing has slightly eased prices. Mutton market: Wethers, trade slow; ewes, slightly easier. Beef market: Steady with fair demand. New Zealand porker pigs: Trade slow, and with heavy stocks prices are easier.* New Zealand baconer pigs; Market steady and unchanged. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate average prices realised for the week ended Fbruary 1, based on actual transaction of wholesale quantities of the descriptions of meat mentioned, and are forrepresentative 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. Trices for the two previous weeks are also shown:— New Zealand Alut-ton.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481 b to 561 b. 5 3-8 d (5 3-8 d) s|d); 571 b to 641 b, 5 l-8d (5 l-Bd, 5Id); 651 b to 721 b, 5d (same); North Island, 481 b to 561 b, 5 3-8 d (5 3-Bd, 54d); 571 b to 641 b, 5 l-8d (5 l-Bd, 5Jd); 651 b to 721 b. 5d (same). Ewes, 481 b and under, 4|d (4 3-Bd, 4 3-8 d); 481 b to 641 b, 3 7-8 d (4d, 4d); 651 b to 721 b, 3 5-8 d (3Jd, 3jd).

New Zealand Lambs. Sele&ted North Island brands, including Downs, 361 b and under, 73d (8d 8d); 371 b to 421 b, 7 7-9 d (Bd, 8 1-8 d); do., second quality, average 321 b, 7 l-8d (7Jd, 7|d). Other North Island bands, 361 b and under, 7|d (73d. 7Jd); 371 b to 421 b, 7 5-8 d (7 7-Bd, 8d); do., second quality, average 321 b, 7d (7 l-Bd, 7 l-8d)/ Australian Lambs.—Victorian, first quality, 361 b and under, 7d (7d, 7 l-8d); 371 b to 421 b, 7 l-8d (7}d, 7Jd). Argentine Lambs.—36lb and under. 6 7-8 d (7d, 7d); 371 b to 421 b, 6 7-8 d (7d, 7d). New Zealand Beef. —Ox fores, 3d (2 7-Bd, 23d); ox hinds, 3 7-8 d (3 7-Bd, 33d). Argentine Chilled Beef. —Ox fores, 3Jd (3 3-Bd, 3}d); ox hinds, s|d (5 l-Bd, 5 3-8 d). Australian frozen beef.—Ox crops, over 1001 b, 3{d (same); ox hinds, over 1601 b, 4d (same). New Zealand Prime Porker Pigs.— 601 b to 801 b, 6d (6 FBd 6Jd); 811 b to 1001 b, s}d (5 5-Bd, . r )jd); 1011 b to 1201 b, 5Ad (5 5-Bd, ssd). New Zealand Baconer Pigs.—l2olb to 1601 b, 53d (5Jd, 6d). Market Quiet. The market is quiet, with prices weakening all round, says a cable message received by Levin and Co., Ltd., from their London agents. Compared with the previous week’s quotations, ’Down lamb, id per lb lower; crossbred lamb, 3-8 d per lb lower; second quality lamb, LI per Ih lower,- wethers, 561 b to 721 b, 1 Sd per lb lower; ewes, l-8d per lb’ lower; ewes, l-8d per lb lower. Smithfield “delivered ’> prices are quoted as follow:—North Island Down lambs, 281 b to 361 b, 73d per lb; 361 b to 421 b, 73'1. Best North Island

crossbred lambs, 281 b to 361 b, 7id; 361 b to 421 b, 74d. North Island second quality lambs, average 301 b to 311 b, 7d. Best North Island wether sheep, under 481 b, 53d; 481 b to 561 b, 5 3-8 d; 561 b to 641 b, 5d;’64.1b to 721 b. 4 7-Bd. North Island ewes, under 481 b, 4|d; 481 b to 561 b, 4d; 561 b to 641 b, 3Jd; 641 b to 721b’ 3 5-8(1. New Zealand prime ox beef’ 1601 b to 2201 b, 3id. The Bank of New Zealand, Produce Department, has received the following advice from its London office as at close of business last week:— Weaker values are, ruling for wether mutton owing to poor demand. There is only a moderate demand for ewes. Trade in lambs is slow—larger supplies have caused prices to weaken. The market is short of supplies of beef and prices arc nominal. Trade generally is slow. Wethers, light, 5d to 5Jd per lb; heavy, 4d to sd. Ewes, 3 1-8(1 to 4Jd. Lambs, 2's, 7ld to 73d; B’s, 7Ad to 73'1; 4’s, 7|d to seconds. 6 7-8 d to 7 l-Sd. Beef: Ox hinds, 3Jd to 4d; fores, 2jd to 3d.

EQUIVALENT N.Z. PARITY. In regard to the published prices realised for New Zealand lamb delivered to Smithlield 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 base.l cn to-day’s estimated skin values an I in eludes exchange, at current rate's, The calculation is on lhe basis of a prime woolly lamb weighing, say, ’■l!'» de livered al freezing works: - N.Z. ‘ • overall '' parity Sinithfiebl delivered at. works ‘ ‘ delivered ' ’ ( approx. 1 (<| per lb 1. (d per lb). 7 5 8 7.59 Note: In the above estimate the cost of killing, freezing and placing on board steamer is based on a charge of ,575 d per Jb. J