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The concerns about global demand for lamb and beef now stretch well into the second half of 2020.
Senior sheep & beef analyst, Mel Croad, joins Sarah in a market update say the “people have to eat” story that continues to gather momentum in the hope that it provides some insulation to the current unsettled environment.
Mel explains that the recovery of China may provide some optimise and the fall in the US dollar some buffering, however it is the intensifying pressure from the New Zealand drought.
Suz Bremner, editor of Livestock Eye agrees joining Sarah to talk about not much lift soon for lambs due to the dry and South Island lambs also coming on stream.
Where Covid-19 is effecting the rural community is the prevention of non-essential farmers attending the local weekly gatherings that are a fabric of social interaction in rural NZ.
Stock firms are reporting that there is no intention to shut down saleyards in the near future, however online stock trading interest has increased. |