NZ calf prices hit record high as demand soars amid supply shortage

Mon, 14 Mar 2016

By Tina Morrison March 14 (BusinessDesk) - Prices for weaned calves at the start of the new sales season in New Zealand are hitting record highs amid increased demand and lower supply. Sales of six-month-old weaner steers and heifers this month at Stortford Lodge in Hastings, an early benchmark ahead of the peak sales period in April, rose between 17 and 29 percent on 2015, which was itself at record levels, according to AgriHQ. Weaner sales generally finish early May. Farmers who shed stock ahead of summer last year on concern about t...

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