Weak global demand weighs on New Zealand sheep, cattle prices

Tue, 03 Mar 2015

By Tina Morrison March 3 (BusinessDesk) - Weakening demand in China and Europe, combined with the impact of a nine-month port strike on the US West Coast, have eroded farmgate prices for sheep and cattle, Silver Fern Farms says. Prices for sheep, lambs and bulls are all lower than forecast by New Zealand's largest meat company, chief executive Dean Hamilton told BusinessDesk. “From a perspective of where we saw the market in October versus now, certainly end markets are softer,” Hamilton said. “There have been a lot of external events...

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