LAMB PRICES EASIER

Wanganui Chronicle, Volume 79, Issue 59, 12 March 1935, Page 9

LAMB PRICES EASIER

SELLING PRESSURE, IN LONDON MUTTON MARKET WEAKER , I Lamb market: Shade easier owing to selling pressure, but consumption good for the time of year. Mutton, market: Wethers, weaker for heavyweights. Ewes, demand slow. Beef market: Demand slow. New Zealand porker p’gs: Trade slow, with prices easier for heavyweights. New Zealand baconer pigs: Prices easier. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate average prises realised for the week ended March 8, 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.

New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 481 b. to 561 b., sd. (same); 571 b. to 641 b., 4jd. (4 3 Bd., 44d); 651 b. to 721 b., 4d. (4 l-Bd., 4 3-8 d). North Island ditto, 481 b. to 561 b (4 3-Bd., 4|d.); 651 b. to 7215., 4d. (4 l-Bd., 4 3-Bd.). Ewes: 481 b. and under, 4 l-Bd. (4 ]-Bd., 4|d.); 481 b. to 641 b., 3 3-Bd. (3Ad., 3 5-8 d.); 651 b. to f2lb., 3 l-Bd. (3 l-Bd., 3|d.). New Zealand lambs: Canterbury, 361 b. and under, 6 7-Bd. (7d., 7d.); 361 b. to 421 b., 6 7-Bd. (6 7-Bd., 7d.£; 431 b. to 501 b., 6Jd. (6Jd., 7d.). Second quality, average 321 b., 6Ad. (6 5-Bd., 6|d). Other South Island brands not quoted. Selected North Island brands, 3Glb. and under, 6 7-Bd. (7d., 7d.); ,371 b. to 421 b., 6 7-Bd. (6 7-Bd., 7d.); 431 b to 501 b., 6|d. (6|d., 6 7-Bd.). Second quality, average 321 b., Gjd. (6 5-Bd., 6fd.). Other North Island brands, first quality, 361 b. and under, 6 5-Bd. (6£d., 6|d.); 371 b. to 421 b., 6 5-Bd. (6 5-Bd., 6sd.). Second quality, average 321 b., 6 3-Bd. (61d., 6}d.).' Australian lambs: Victorian, first quality, 361 b. and under, 6 l-Bd. (6{d., 6 3-8(1.); 371 b. to 421 b., 6 l-Bd. (61d., 6 3-Bd.‘). Argentine lambs: 361 b. and under, 6d. (G l-Bd., 6id.) ; 371 b. to 431 b., 5 7-Bd. (6d., 6Jlb.). New Zealand beef: Ox fores, 2 7-Bd. (same). Ox hinds, 3 5-Bd. (3 5-Sd., 3fd.). Cow fores and hinds not quoted. Argentine chilled beef: Ox fores, 3 l-Bd. (same). Ox hinds. 5 l-Bd. (5d., 4!d.). Australian frozen beef: Ox over 1001 b., 3 l-Bd. (same). Ox hinds, over 1601 b., 3 5-Bd. (3 5-Bd., 3id.). New Zealand prime porker pigs: 601 b. to 801 b., s}d. (5 3-Bd., 5 3-8 d.); BUb. to 1001 b., 4Jd. (4|d., 5d.); 1011 b. to 1201 b.. 4 7-Bd. (1 7 Bd., 5d.). New Zealand baconer pigs: 1201 b. to 1601 b., 54d. (5 5-Bd., 5 5-Bd.). Equivalent New Zealand Parity. In regard to the pikes 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 rates. The calculation is on the basis of a prime woolly lamb weighing, say, 341 b., delivered at freezing works: — N.Z. parity Smithfield (approx.) d. per 11'. d. per lb. 6 7-8 6.90 63 6.75 6 5-S 6.60 Tn the above, estimate the cost of killing, freezing and placing on board steamer is based on a charge of .575 d. per lb. No Sign of Improvement. The market is slightly easier all round, particularly for mutton, with no sign of improvement at the moment, says a report received by Levin and Co., Ltd., f> in their London agents. Compared with the previous week’s quotations crossbred lamb, 281 b. to 361 b. l-Bd. per lb. lower. Second quality lamb, l-Bd. per lb. lower. Wethors, l-Bd. per lb. lower. Ewes, 481 b. to 721 b., l-Bd. per lb lower. Others unchanged. Smithfield “ delivered” prices are as follow: North Island ’Down lambs, 281 b. to 361 b., 7d. per lb.: 361 b. to 421 b., 6 7-Bd. Best North Island crossbred lambs, 281 b., 6|d.; 361 b. to 421 b., 6|d. North Island second quality lambs, average 30]b. to 311 b., 6}d. Best North Island wether sheep, under 481 b., s}d.; 481 b. to 561 b., 4 7-Bd.; 561 b. to 641 b., 4|d.; 641 b. to 721 b., 4d. North Island ewes, under 481 b., 4 l-Bd.; 481 b. to 56)b., 34d.; 561 b. to 641 b., 3|d. ; 641 b. to 721>, 3d. 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. The market is weaker for heavyweight wethers, light remain steady. Trade in ewes is slow. The demand for lambs is good for the time of the year. The market is over-supplied and the forcing of sales has weakened prices. The market for beef is easier. Wethers, light, 4|d. to 5 3-Bd. per lb.; heavy, 34d. to 4d. Ewes, 2fd. to 4d. Lambs, 2’s, 6 5-Bd. to 6 7-Bd.; B’s, 6|d. to 6 7-Bd.; 4’s 6|d. to 6 7-Bd.; seconds, 6 3-Bd. to 6Jd. Beef: Ox hinds, 34. to 3fd.; fores, 24d. to 2|fl.