SMITHFIELD MARKET

Press, 18 April 1979, Page 22

SMITHFIELD MARKET

The demand for New Zealand lamb on the United Kingdom market last week continued strongly, the New Zealand Meat Producers’ Board reports in its weekly market survey. The good off-take has strengthened prices at wholesale and, with domestic: lamb prices being double, those for New Zealand lamb,' prospects are for prices to continue to rise. Prices for New .Zealand: lamb on Smithfield, with the: variation on the previous! week, were:— Price Varin ; P P ' per lb perlb! PI, .. .. 49.0-50.0 + 0.75 | PM . 48.0-49.5 -+0.50 1 MANUFACTURING BEEF Short supplies of domestic I

■ I grinding beef, coupled with I,heavy demand, resulted in a ; 1 week of very active trading ■[on the United States im1 ported cow-beef market. The : average price for New ZeaI land cow-beef last week ii reached 137.5 U.S. cents • I per lb, c.i.f., an increase of :!3.5 cents on the previous s I week. End users are now ,i short of domestic supplies, Hand are actively buying im- : ported beef for hamburger I ‘manufacture. MUTTON > i Interest from Japan in i New Zealand mutton reJmained firm last week in the I face of dwindling supplies, land about 1000 tonnes were ! sold at prices up to 68.5 U.S. icents per lb, c. and f. Japan.;