It is forecast that slaughter numbers will rise by 1.3%, reaching 2.36m head because of a high number of dairy heifers and cows culled and an increase in bull slaughter. A rise in beef production of 1.2% year-on-year is expected.
Beef prices in New Zealand have traded in at just over NZ$4/kg (€2.80/kg) for much of the past four years, jumping to over NZ$5/kg (€3.50/kg) earlier this year.
ADVERTISEMENT
Exports
Beef and veal exports are forecasted to grow by 1.2% but the value of these exports is to rise by 24.5%, according to the update. Over the past six months, NZ beef and veal export returns have reached a record high of NZ$1.6bn (€1.1bn), a jump of NZ$480m (€341m) over the same period in 2013-14.
Big markets for New Zealand include the USA and China, both of whom Ireland are chasing to do business with. These are particularly attractive destination for manufacturing beef.
The update states that demand for New Zealand beef in the US will hold steady due to low domestic production in the States. Chinese demand will also remain strong.
New Zealand cattle
New Zealand cattle tend to be much smaller than Irish beef bred cattle due to ongoing use of traditional Hereford/angus and shorthorn breeds with little use of the continental breeds that are popular with Irish suckler herds.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
It is forecast that slaughter numbers will rise by 1.3%, reaching 2.36m head because of a high number of dairy heifers and cows culled and an increase in bull slaughter. A rise in beef production of 1.2% year-on-year is expected.
Beef prices in New Zealand have traded in at just over NZ$4/kg (€2.80/kg) for much of the past four years, jumping to over NZ$5/kg (€3.50/kg) earlier this year.
Exports
Beef and veal exports are forecasted to grow by 1.2% but the value of these exports is to rise by 24.5%, according to the update. Over the past six months, NZ beef and veal export returns have reached a record high of NZ$1.6bn (€1.1bn), a jump of NZ$480m (€341m) over the same period in 2013-14.
Big markets for New Zealand include the USA and China, both of whom Ireland are chasing to do business with. These are particularly attractive destination for manufacturing beef.
The update states that demand for New Zealand beef in the US will hold steady due to low domestic production in the States. Chinese demand will also remain strong.
New Zealand cattle
New Zealand cattle tend to be much smaller than Irish beef bred cattle due to ongoing use of traditional Hereford/angus and shorthorn breeds with little use of the continental breeds that are popular with Irish suckler herds.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS