FROZEN MEAT TRADE

Dominion, Volume 28, Issue 105, 28 January 1935, Page 12

FROZEN MEAT TRADE

Lamb Slightly Easier BEEF PRICES IMPROVE Lamb market: Shade easier owing to heavier arrivals. Consumption satisfactory for tlie time of year. . Mutton market: Wethers, trade quiet with slightly lower prices. Ewes, meeting w.itn fair demand. Beef market: Firm, owing to reducing spot stocks. N.Z. porker P'S*Trade slow with prices easier. N.z. baconer pigs: Steady at the lower prices. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate average prices realised for the week ended January -o, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown : New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 481 b. to 5611)., o o-M. (s}<l., 5 5-Bd.) ; 571 b. to 641 b. o l-Bd. (s}d., sjd-) ! 651 b. to 721 b., ml. (same , North Island, 481 b. to 561 b.. 5 3-8(1; (a?<‘-> 5 5-Bd.) : 571 b. to 641 b., 5 1-Sd. (ago., aid.); 651 b. to 721 b„ 5(1. (same); ewes. 481 b. and under, 4 3-B_d. (same); 481 b. to 6411). 4d. (satire) ; 651 b. to «21b., 3sd. 1 New'Zealand lambs: Selected North Island brands, including ®owns._ oblb. and under. Bd. (Sd., <7-Bd.) ; 3db. •< 421 b., Bd. (8 1-Sd„ 8 l-Bd.) ; second quality, average 321 b., 7}d. (dd., 1 other North Island brands, first quality. 361 b. and under, 7Jd. (same); 3< lb. to 4t>lb 7 7-Bd. (Bd.. Bd.) second quality, average, 321 b.. 7 l-Bd. (7 . l-Bd., id.). Australian lambs: Victorian, first quality, 361 b. and under, 7d. (< 1-8(1., i l-sci.l , 371 b. to 421 b.. 7id. (same). . Argentine lambs: 361 b. and under, id. (same) ; 371 b. to 421 b., 7d. (sameL • New Zealand beef: Ox foi;es 2 eS 1. (2}d 2 5-Sd.) ; ox hinds, 3 7-Bd. (JJd--3}<l.).’ ” „ , ~ Argentine chilled beef: Ox fores, 3 3-8 d (3}d„ 3 3-Bd.) ; ox hinds, 5 l-Bd. (5 3-Bd., 5 5-86.). Australian frozen beef: Ox crops, over 1001 b.. 3}d. (3id.. 3 1-Sd.); ox hind-, over 1601 b., 4d. (4d.. 3 7-86.). New Zealand prime porker pigs: 601 b. to 801 b., 6 1-86. <««-. ti to 1001 b., 5 5-Bd. (5Jd., oM.) ; 1011 b. to 1201 b.. 5 5-Bd. (sjd., s|d.). N.Z. baconer pigs: 1201 b. to 1601 b., 5Jd. (6d., 5Jd.).

By Telegraph.—Press Assn. —Copyright. (Received January 27, 6.30 p.m.) London, January 26. Australian lambs, Victorian first quality, 361 b. and under, id.; other States, first quality, 361 b. and under, 6 7-Bd., Victorian, second quality, 361 b. and un tier, 6 5-3 d.

Weaker All Round. The market on the spot is weaker all round, mainly due to poor demand and increasing arrivals, states cabled advice received by Levin pd Co. Ltd., from their London agents dated January 2.). Compared with last weeks quotations. Down lamb, 361 b. to 421 b , and crossbred ’lamb, 361 b. to 421 b., l-Bd. per lb. lower. Second quality lamb. -}<l. per lb. higher. Wethers. 481 b. to 641 b., 1-Sd. per lb. loner. Prime ox beef, 1-86. per lb. higher. Other quotations unchanged. Current “delivered” prices are quote' l ns:—North Island Down lambs 281 b to 361 b„ Sd. per lb.; 361 b to 42b 8d ; best North Island crossbred lambs, 28 b. to 361 b.. 7 7-Bd.; 361 b. to 421 b., ( <-Bd., North Island second quality lambs average 391 b. to 311 b.. Tid. best North Wand wether sheep, under 481 b., s|d. ? 481 b. to r.6lb 5 3-Bd.; 561 b. to 641 b., o 1’8(1., Glib’.’to 721 b., 5d.; North Island ewes, under’4Blb., 4 3-Sd.; 481 b. to 561 b, 4 l-Bd.; 561 b. to 641 b.. 3 <-Bd.; 641 b. to 721 b. 31d.: New Zealand prime ox beef, 1601 b. to 2201 b., 3Jd. The Bank of New Zealand, produce department, has received the following advice from its London office as at close or business last week:—The market for wether mutton is quiet and unchanged. There is a moderate demand for ewes and prices are a shade lower. There is a weaker tendency for lambs owing to larger supplies. Tlie market is short of supplies of beef and prices arc nominal. Wethers, light, s}d, to 6d. per lb.; heavy, 4 l-Bd. to 5 l-Bd. Ewes, 3 3-Bd. to 4}d. Lambs. 2’s. 7-}d. to Bd.; B’.«, Bd. to 8 1-Sd.; 4’s 74d. to 7-jd.; seconds, 7d. ■to dd. Ox hinds, 3Jd. to 4d.; fores. 2Jd. to 34. Equivalent N.Z. Parity In regard to the published prices realised for New Zealand lamb delivered to Smithfield nyirket: The New Zealand Meat Producers’ Board supplies the following table, giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on to-day’s estimated skin values and includes exchange at current rates. The calculation is on the basis of a prime woolly lamb weighing, say, 341.)., delivered at freezing works: — N.Z. “overall” parity Smithfield delivered at works “deliverer]” (approx.) (d. .per lb.) (d. per lb.) S 8.07 7? 7.92 7J 7.78 Note: In the above estimate the cost of killing, freezing and placing on_hoard steamer is based on a charge of .575(1. per lb. BASE METALS MARKET Copper Firmer; Tin Easier Hv Telegraph.-Press Assn Copyrigbi (Received January- 27. 6.30 p.m.) Loudon. January 25. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare las under with those previously cabled:—

Prices of Other Metals. London, .Fan miry 25. Pig iron: Home trade. £3/7/11 a ton (same) ; export. £3/2/0 a ton (same). Antimony: British. £77/10/- a ton < ’sam n ): foreign, £5B/5/- a ton (same). Molybdenite: 01/iJ a unit (same). Wo if ram: 37/6 a unit. (38/9). ' »smiridinm: Nominally £‘.) to £ll an • • lu. (same). Dollar Conversion Rates Tlie Associated Banks have agreed that the conversion rates from January 28 will U.S.A Canada Conversion nt dollar bills received for collection and sale of dollar drafts .. 4.82 4.82 Purclias? of dollar Ulis .. 4.92 4.92 I'liese conversion rates are, <>t course, quoted on n sterling basis (London funds) and current rate of exchange New Zealand on London will be charged or allowed ns , the case may require.

.Tan. 24. Per ton. .Ian. 25. Per ton Copper - S (1. v 8. <1. Sian (1:1 rd .... 27 13 11 28 0 7| Standard, forward •' 1 18 9 2S U "Electrolytic ' . :*.o 15 (1 31 0 0 to 31 5 0 31 10 (IWire bars 31 5 0 31 10 0 Lead— 9 Spot 10 S 1) 10 8 Forward .... 10 8 1) 10 10 0 Spelter— IS 9 < 3 Spot 11 12 1 Forward .... 12 2 G 12 3 9 Tin— 232 "Spot 11 3 9 Forward 228 IS 9 228 IS Silver— Standard, per c,z •h r ■SI. 24 o-8«. Fine 20 9-IGd. 20 9-1(1(1. "American, • 1 s a lb. lb. (American. 50 55 cents a