NZ's record beef prices set to continue into 2015, Rabobank says

Tue, 30 Dec 2014

By Tina Morrison Dec. 31 (BusinessDesk) - Record beef prices are expected to continue for New Zealand farmers early in 2015, underpinned by tight supply and strong demand, according to Rabobank's latest quarterly beef report. The North Island bull price averaged $5.44/kg cwt at the end of November, 36 percent higher than the same week a year earlier. The imported US beef price also remained around record levels at $8.22/kg for 95CL, the grade generally used in meat patties, which was 47 percent higher than the year earlier, Rabobank said....

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