While providing market data is not a core service, NZPork does provides data as it becomes available. The latest information NZPork has received is provided here.
-10 to -06
-60 to +150
nc to +25
+25 to +90
-270 to nc
-90 to -228
Lysine ( kg)
2.10 - 2.25
-0.01 to nc
-1.79 to nc
At a glance – Prices stable since last report.
This month porkoutlook contacts indicate no changes in prices since last porkoutlook.
Barley: At a glance – Market described as quiet and prices up.
North North Island: Similar report to last month with limited sales at a quiet time of the year. Further demand from the dairy sector is expected due to the extremely wet conditions and pugging of paddocks. Southern North Island: “A lot less around” and “difficult” are descriptions of the barley market in this region. There is difficulty in getting growers to release what available barley there is, as they are prepared to “sit tight,” hoping for further price improvement if demand continues. While contacts indicate “it is too early to call” regarding acreage for next harvest, it is expected to increase with the call for a large planting of malting barley. This means there could be barley available for feed that does not make the malting specification. One contact indicated there is already “pressure on” the supply of some seed lines.
South Island: The market for barley is reported as “quiet” with the “odd bit trickling out.” While there is what is described as a shortage of barley it is reported as being “available at a price.” At this stage growers are prepared to “sit on it” until further into the spring, hoping for further upward price movement. Further demand is reported from the dairy industry, “showing more interest” and “very weather dependant for grass growth.” The barley acreage for the new season is expected to increase considerably. This is based on a number of factors, including, higher contract price, fewer options for other crops and that wet weather may delay spring wheat plantings. Paddocks intended for wheat could then switch to sowing barley.
Wheat: Trading quiet, prices increasing.
In the North Island, there is a similar situation to barley with supply being met from the South Island. In the South Island, wheat is more available than barley. The autumn plantings of feed wheat are reported as being “down” due to unfavourable wet planting conditions. Crops that are in the ground are currently described as “doing okay.” The planting intentions for the area of wheat grown are expected to increase over last year’s acreage. But by how much depends on the weather, and is described by one contact as being driven by “how wet, for how long.” Delays in planting will increase the swing over to barley.
Maize: At a glance–Supply scarce.
In the Waikato: Maize not readily available, with only the odd small parcel “trickling out.” The focus is now on the new season with merchants establishing contracts with growers. A large reported demand for maize silage may put pressure on both the price and acreage for maize grain. Further to this, following last year’s poor growing season, shortages and higher prices. The growers have higher price expectations for the coming season.
Lower North Island: A quiet time of the year for trading. Reports indicate that maize is “scarce” but there is some dairy sector enquiry. What will happen for planting acreage and next harvest is “too early to call,” and “difficult to know” with uncertainty around weather and prices.
Pig meat prices: June 2017
Note: Prices above relate to: Pork D1 class, Bacon H2 class
At a glance: No change in price, supply and demand in balance.
Contacts report no change to the farm gate prices this month and are a little more optimistic in their comments about the market scene. Comments such as “easier out there,” “promotional activity moving product,” “supply more in balance, ” “managing supply and demand,” “ the seasonal thing is happening,” (increase in demand for legs up until Christmas) and “market improving.”
Other positives are, the price of imported pork has increased for the last three months when compared to the same months last year. In addition contacts indicate that there will be a lower supply of beef, which will increase the price.
Hogsnort is brief with his comments this month: “good to see there is no bad news in the pork market , and I am looking forward to continued increased demand over the next few months, followed by price increases to the pig farmer."
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For more general information, updates and data, see the latest porkOutlook.