14-08-2014 02:14 AM | New Zealand

New Zealand sees improved cattle returns

Dry conditions in the northern North Island and continued land use change in the South Island saw New Zealand’s sheep numbers decrease 3.2 per cent over the 2013-14 season, while beef cattle numbers increased 1.6 per cent.

Beef + Lamb New Zealand’s (B+LNZ) Economic Service carries out a stock number survey annually. Its latest survey shows sheep numbers dropped to 29.8 million in the year to 30 June 2014.

B+LNZ Economic Service Chief Economist Andrew Burtt said strong mutton prices, driven by rising demand from North Asia, encouraged a high level of cull ewe processing for the second year in a row.
Full Story : TheCattleSite