August 7, 2024 • 5 mins
We take our monthly look at the market with PGG Wrightson's Mid/South Canterbury Livestock Manager.
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Speaker 1 (00:00):
Monthly here on the country we catch up with the
team from PGG right so to talk a bit of
farming and in this case a bit of footy because
we're heading to South Canterbury Timaro, in fact Timuka, I
think where we find. Joe Higgins is the Mid and
South Canterbury Regional Livestock Manager and we will talk about
your Heartland Rugby team, Joe. But before we do cattle
(00:23):
sale store. Cattle sale today and Tamuka prices are pretty good.
I'd imagine the vendors are going to be quite happy.
Speaker 2 (00:30):
Well, Jamie, we've got a good size yarning here which
has been out of character for this time of the year.
There is just over twelve hundred and you did what
what numbers out of simply that the prices have been
paid currently and that's just due to a general shortage.
We've got all forms of trading livestock in the not
only midd and South Canaby, I think it's generally the
(00:50):
whole of the South Island really on the back of
the drought we had earlier on in the poorer prices
and there's just less taken through the winter. We've found
the price for it, you know, We've got a big
trading area nowadays, particularly in mid Jnrbury. Not a lot
of breeding stopped there and so those one has continue
trading cattle and lambs for that matter, all the time,
and we've kind of all of it trying to find
(01:13):
stock to replace what's going out.
Speaker 1 (01:15):
Yeah, well, the beef prices have been pretty good or
pretty sound anyhow. I can't say that of lamb, but
I know that lamb, all beit in the off season,
has crept up quite a bit in the past month
or so. And that's fine and dandy in August, Joe,
it's probably what your lamb's going to be worth next
summer that really matters. But at the moment fetching reasonable money.
Speaker 2 (01:37):
Yeah, it's going good. At the moment. We do have
quite a big winter trade in my area. There's a
lot of lambs get bought in the autumn and taken
through to the spring. And that marker shift is certainly lifted.
You know currently that it's sitting on seven or a
bit over. It's quite early for this time of the year.
It's moved quite early in August. We usually don't see
it till later on. I don't know where it's going
(01:59):
to end up could go another forty fifty cents. I
don't know, but it's certainly gone early anyhow, and that's
just on the back of lack of numbers in the
province really, and I think sheep numbers or lambs in
the South Old generally down all round, and that's what's
caused to issue really in the price to jumps procurement
(02:19):
driven to some extent.
Speaker 1 (02:21):
Well, we're eventually going to run out of lambs in
this country.
Speaker 2 (02:25):
Well, I don't want to be negative about it, but
there's certainly still numbers going people going out of them again.
We actually had more you sold this year and in
lamb you Fare in July than what we did in
the our U fair from February, which is the first
and that's just just an indication that people are once
again going out of sheep and looking to do other things.
Speaker 1 (02:45):
You guys at PGG Rights and have got a product
where you've had it on the market for quite a
while at the moment, but one of the buzzwords for
farmers or for business people and for homeowners, let's be
honest about it, at the moment, Joe, there's interest rates.
So you guys have cut a deal where farmers can
basically get a reduced interest rate and they don't have
to pay anything until they've bought the stock and then
sold them, so cash flow wise, that is very very handy.
Speaker 2 (03:10):
Yeah, it's a trading product, but god, it's called the
go product space. It's been around probably four or five
years now. Time flies with something like that anyhow, where
people can use it just to buy trading stock over
a pair to twelve months. It runs three hundred days
actually for lambs, three sixty for cattle. You can turn
the cattle one over if you want to go two
years and do it again. But yeah, it's been widely used.
(03:35):
Its people like it. These are quite regularly. They don't
have to pay anything back to actually sell the stock,
so whatever they purchase it for, they don't have to
pay incremental interest rates on the way through they it
comes out of the what they sell it for at
the end. And just recently Jamie Maliney's wisdom has dropped.
We call it a duration fee actually not an industrate,
(03:56):
it's called duration fee, and that's actually dropped back I
few I think two or three percent just in the
last two or three weeks. So just to make it
a wee at easy. If that's just in line with
what's tapping with the benks and interestrates. They all seem
to be slowly bringing them back at the moment, so
they've just dropped that back till three percent.
Speaker 1 (04:13):
Well, everyone apart from Adrian or I know you're a
rugby nut. I'm really looking forward to the NPC. Myself
and Stags are kicking it off with Stag's Day down
on the Cargo on Saturday against Otargo. I hope we
can get across the line there. You guys in South
Canterbury could argue that you've got the best provincial team
in the country. I think you're undefeated for the past
(04:33):
couple of years. Are you going to have a good
team again this year?
Speaker 2 (04:38):
My understanding is the team is pretty much the same.
There's a bud or two changes, but they've got the
same coaching set up and pretty much the same team.
So they're going for a three peet. But we'll find
out how good they are first game up. Really because
they got Wong the Newly which was the final last
year at Long the Newi at home, so we're certainly
going to first game up. We're going to find if
(04:59):
we're in the running again. But yeah, they're looking to
have another successful season.
Speaker 1 (05:04):
Well good on you. And I know that the people
of South Canterbury are very proud of their footy team
and they get out in numbers to support them and
bring on the NPC. Love it. I'd much prefer the
NPC to Super Rugby, that's me. I'm a bit old
school on that one. Hey, Joe Higgins, thank you very
much for your time.
Speaker 2 (05:20):
No, very good, thank you. Jeremy
Monthly here on the country we catch up with the
team from PGG right so to talk a bit of
farming and in this case a bit of footy because
we're heading to South Canterbury Timaro, in fact Timuka, I
think where we find. Joe Higgins is the Mid and
South Canterbury Regional Livestock Manager and we will talk about
your Heartland Rugby team, Joe. But before we do cattle
(00:23):
sale store. Cattle sale today and Tamuka prices are pretty good.
I'd imagine the vendors are going to be quite happy.
Speaker 2 (00:30):
Well, Jamie, we've got a good size yarning here which
has been out of character for this time of the year.
There is just over twelve hundred and you did what
what numbers out of simply that the prices have been
paid currently and that's just due to a general shortage.
We've got all forms of trading livestock in the not
only midd and South Canaby, I think it's generally the
(00:50):
whole of the South Island really on the back of
the drought we had earlier on in the poorer prices
and there's just less taken through the winter. We've found
the price for it, you know, We've got a big
trading area nowadays, particularly in mid Jnrbury. Not a lot
of breeding stopped there and so those one has continue
trading cattle and lambs for that matter, all the time,
and we've kind of all of it trying to find
(01:13):
stock to replace what's going out.
Speaker 1 (01:15):
Yeah, well, the beef prices have been pretty good or
pretty sound anyhow. I can't say that of lamb, but
I know that lamb, all beit in the off season,
has crept up quite a bit in the past month
or so. And that's fine and dandy in August, Joe,
it's probably what your lamb's going to be worth next
summer that really matters. But at the moment fetching reasonable money.
Speaker 2 (01:37):
Yeah, it's going good. At the moment. We do have
quite a big winter trade in my area. There's a
lot of lambs get bought in the autumn and taken
through to the spring. And that marker shift is certainly lifted.
You know currently that it's sitting on seven or a
bit over. It's quite early for this time of the year.
It's moved quite early in August. We usually don't see
it till later on. I don't know where it's going
(01:59):
to end up could go another forty fifty cents. I
don't know, but it's certainly gone early anyhow, and that's
just on the back of lack of numbers in the
province really, and I think sheep numbers or lambs in
the South Old generally down all round, and that's what's
caused to issue really in the price to jumps procurement
(02:19):
driven to some extent.
Speaker 1 (02:21):
Well, we're eventually going to run out of lambs in
this country.
Speaker 2 (02:25):
Well, I don't want to be negative about it, but
there's certainly still numbers going people going out of them again.
We actually had more you sold this year and in
lamb you Fare in July than what we did in
the our U fair from February, which is the first
and that's just just an indication that people are once
again going out of sheep and looking to do other things.
Speaker 1 (02:45):
You guys at PGG Rights and have got a product
where you've had it on the market for quite a
while at the moment, but one of the buzzwords for
farmers or for business people and for homeowners, let's be
honest about it, at the moment, Joe, there's interest rates.
So you guys have cut a deal where farmers can
basically get a reduced interest rate and they don't have
to pay anything until they've bought the stock and then
sold them, so cash flow wise, that is very very handy.
Speaker 2 (03:10):
Yeah, it's a trading product, but god, it's called the
go product space. It's been around probably four or five
years now. Time flies with something like that anyhow, where
people can use it just to buy trading stock over
a pair to twelve months. It runs three hundred days
actually for lambs, three sixty for cattle. You can turn
the cattle one over if you want to go two
years and do it again. But yeah, it's been widely used.
(03:35):
Its people like it. These are quite regularly. They don't
have to pay anything back to actually sell the stock,
so whatever they purchase it for, they don't have to
pay incremental interest rates on the way through they it
comes out of the what they sell it for at
the end. And just recently Jamie Maliney's wisdom has dropped.
We call it a duration fee actually not an industrate,
(03:56):
it's called duration fee, and that's actually dropped back I
few I think two or three percent just in the
last two or three weeks. So just to make it
a wee at easy. If that's just in line with
what's tapping with the benks and interestrates. They all seem
to be slowly bringing them back at the moment, so
they've just dropped that back till three percent.
Speaker 1 (04:13):
Well, everyone apart from Adrian or I know you're a
rugby nut. I'm really looking forward to the NPC. Myself
and Stags are kicking it off with Stag's Day down
on the Cargo on Saturday against Otargo. I hope we
can get across the line there. You guys in South
Canterbury could argue that you've got the best provincial team
in the country. I think you're undefeated for the past
(04:33):
couple of years. Are you going to have a good
team again this year?
Speaker 2 (04:38):
My understanding is the team is pretty much the same.
There's a bud or two changes, but they've got the
same coaching set up and pretty much the same team.
So they're going for a three peet. But we'll find
out how good they are first game up. Really because
they got Wong the Newly which was the final last
year at Long the Newi at home, so we're certainly
going to first game up. We're going to find if
(04:59):
we're in the running again. But yeah, they're looking to
have another successful season.
Speaker 1 (05:04):
Well good on you. And I know that the people
of South Canterbury are very proud of their footy team
and they get out in numbers to support them and
bring on the NPC. Love it. I'd much prefer the
NPC to Super Rugby, that's me. I'm a bit old
school on that one. Hey, Joe Higgins, thank you very
much for your time.
Speaker 2 (05:20):
No, very good, thank you. Jeremy
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