New Zealand: Livestock and Products Semi-Annual
Link to report:
New Zealand beef production is forecast to fall by five percent in 2020 to 675,000 metric tons. This is a result of lower expected slaughter and very dry weather in the North Island, which has reduced pasture growth and is expected to lower average carcass weights. Beef exports are also forecast to fall slightly, and exports to China have been impacted by the virus outbreak. Farm-gate prices have fallen sharply to now being below the five-year average.
