Blog Layout

Beef Cattle

accelerateonline • Jun 09, 2022

As with Dairy, Beef values have increased on average 14% and are approaching the highs of 2017 and 2018.

Whilst increased values and demand for Beef products is positive the impact of Covid-19 continues to be felt across the industry as meat works struggle to keep up with the processing demand. Farmers have increasingly found it difficult to have stock slaughtered due to reduced capacity arising from staff shortages. Increasing inflation and cost of living pressures worldwide will have a negative effect on the demand for quality cuts, just as demand following lockdowns was beginning to increase. The conflict in Ukraine will put further pressure on world food supplies, which will help support overall demand for proteins.

Uncertainty continues to play a part in the domestic market as the regulatory requirements around water quality, fencing and carbon continue to come into force in the coming years and alternative proteins continue to increase in popularity and use.

By Withers Admin 04 Dec, 2023
Accelerate - December 2023
By Withers Admin 04 Dec, 2023
Accelerate August 2023 
By accelerateonline 12 Jun, 2023
Inland Revenue have recently announced this year’s livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements. The Herd Scheme Values are the National Average Market Values, determined by a process involving a review of the livestock market as at 30 April.
By accelerateonline 12 Jun, 2023
The values for Dairy this year have seen a fall in values across all female classes, but increases across all male classes. The fall in R1 heifer values can be attributed to the prohibition of live export by sea commencing from 30 April 2023. For the first time the National Average Market Value for R1 Heifers is less than the National Standard Cost of breeding and rearing an R1 Heifer.
By accelerateonline 12 Jun, 2023
In contrast to Dairy values Beef values have increased on average 9% and are almost at record values for all classes.
By accelerateonline 12 Jun, 2023
Sheep values have all fallen from the high of 2022, slipping back an average of 10.2%. Whilst values have fallen, they are still either the second or third highest that they have ever been depending on which class of sheep you are looking at.
By accelerateonline 12 Jun, 2023
Goat values have increased on average 7.8% with almost all classes of fibre and meat producing goats at record highs. The value of milking goats continues to be well down from historic highs, except for breeding bucks which are at their highest value.
By accelerateonline 21 May, 2023
Like the rest of the world, New Zealand has reeled from the aftermath of Covid, rising inflation and interest rates, and the cost-of-living crisis. This year we also have a massive storm damage repair bill.

Tax

By accelerateonline 21 May, 2023
Any tax cuts, or changes to the tax thresholds were vetoed in Budget 2023 as this was viewed as worsening inflation.
By accelerateonline 21 May, 2023
Budget 2023 builds on the $889m already provided in response to this year’s storms. A further $6b is allocated for a National Resilience Plan , for rebuilding after weather events. $71b is committed to new and existing infrastructure projects: not only storm damaged communications, power and roading, but schools, hospitals, public housing, rail and road.
More Posts
Share by: