Beef: The store cattle market still appears undecided this week as to which direction it will take in coming weeks.
On one hand there are definite signs of price correction following falling schedules, this week a 300kg c/w steer is at $5.50/kg and bull at $5.15. Several saleyards have had notably softer sales this week.
On the other hand there are parts of the island that are watching the grass grow and are still prepared to pay high prices in order to see feed utilised.
Lamb: Reports from those with their ears to the ground indicate that we may not see typical volumes of new season's lambs hit the store markets early this year.
The use of summer feed crops have become increasingly popular and give farmers the option to finish more lambs themselves, as opposed to selling store.
With lamb schedules expected to drop off quickly once Christmas chilled production finishes in early November, store lamb prices through November and December are likely to be subdued.
This week a 17-19kg c/w lamb is making $6/kg export schedule.