September 9, 2025 • 7 mins
Matt McRae looks at positive red meat figures ahead of the new season.
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Episode Transcript
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Speaker 1 (00:01):
He rides a new rides.
Speaker 2 (00:04):
These things from a glass.
Speaker 1 (00:08):
He looks too windows.
Speaker 2 (00:14):
Matt McCrae Farms at Macarada joins us this afternoon on
the muster. Good afternoon, met. How's everything out in the trenches.
Speaker 1 (00:21):
Yeah, afternoon, Andy, Surprisingly not too bad. Yeahs has got
it wrong and the sun's shining at the moment, so
we'll take that. There's a one for today.
Speaker 2 (00:31):
It's been pretty weird over the last couple of weeks,
I understand, even ten days.
Speaker 1 (00:35):
Yeah, yeah, just probably the last ten days. We've been
playing a bit of kitch up on rainfall. So about
one hundred and thirty mills or a bit over for
the last Yeah, ten days are so well. We started
lemon so yeah, the dear fan is not giving me stick,
but it starts rowning when you start lemming, and they're
about spot on to be fair.
Speaker 2 (00:53):
What's the situation like compared to twelve months ago?
Speaker 1 (00:56):
A lot more positive, Yeah, I guess it's so early
days in terms of spring now, but a lot on farm. Yeah,
we've like the ground conditions are okay, sucked up most
of that. Rain covers are dropping a bit, which is
probably concerning. We probably need a bit of heat in
the next week or ten days is to keep on
(01:17):
top of that. But yeah, you conditions are really good,
and yeah, most of all, the market signals are a
lot more positive than what we were twelve months ago.
Who would have.
Speaker 2 (01:26):
Thought it's crazy when you think about it. We'll talk
about this as well, Matt. Now it's came out come
out recently. Statsne z take a leave what they say,
especially regarding farm statistics and likes, but nonetheless and their
latest Food Price Index data release saying meat was a
key contributor to the five percent increase in food prices
for the year to July. They're saying that beef steak
(01:48):
and beef months prices run twenty four point six percent
and nineteen point three percent, respectively. Over the July year,
the price of one kg year beef months came to
twenty one ninety seven three dollars fifty more than a
year ago. What else quite interesting here regarding what we've
got sheet more at export. Sheep meat exports have increased
from nine eighty seven akilo in July twenty four to
(02:10):
thirteen fifty two for this year, but the most significant
values coming from the EU, where the average has gone
from fifteen ninety six last July to twenty one dollars
fifty one per kilo this July, which is a record
for monthly exports to the EU, and these figures continue
as well. It's interesting reading, but, like you say, positives
from our grower's perspective.
Speaker 1 (02:31):
Yeah, one hundred percent. We won't get into the stets
end Z debate, but yeah, there's some interesting fogus there,
isn't it. And it just begs the question around from
a farm level in returns, we need it to be
sustainable where it is at the moment. We've discussed that
plenty of times before. But yeah, I understand from the
(02:54):
consumer point of view about how prices are lifted. Unfortunately,
that's just the way inflation goes, isn't it. And I'd
love to see how much of that cut in the
middle and where that's going, because it seems to place
at the at the highest rate, isn't it. It's not
that farmers are making a whole lot more twenty four
percent more margin on everything they do. A lot of
(03:15):
what we spend goes back into the local communities. Yeah,
it would be interesting to have a decent.
Speaker 2 (03:21):
Look at that and you're talking about supermarkets and the
media wanting a scapegoat, namely Miles Harrel for the price
of butter, which was interesting to say the least, because
they obviously don't understand how things work as a trading nation.
Speaker 1 (03:35):
Yeah, exactly, and i'd yeah, it makes no different. You
just look at what it costs to boiquila, monks or
something in the chain, little and stake, So I understand
it is expensive. But when you break it down back
to what we get on farm, there's a lot of
value in the middle, isn't there. It's just understanding how
how the economics work. And yeah, it's good. It's yeah,
(03:58):
probably a shame that the Ridge Keewey doesn't have that
connection with farmers on the land now to understand where
their food comes from and how it gets on their plates.
There's a few call initiative bridging that gap at the moment,
but it's certainly something we need to be conscious of
as food producers.
Speaker 2 (04:18):
Talking about figures, an export friendly Kiwi dollar is around
fifty eight cents yui is at the moment too. You
think of the of the UK pounds down below forty
five cents the year around fifty cents yet the Australian dollar,
I think off the top of my head it's around
the ninety cent plus marks, So those things seem consistently
stable too, which is another positive.
Speaker 1 (04:37):
Yeah. It it's great positive news and I guess for
the red meat industry over the next six months it'll
be good looking at some stability around that, so we
can capitalize, especially from Anatago South end point of view,
when ourlm's start rolling out the gate from December onwards that, yeah,
we can capture a bit of the current het and
(04:59):
pricing in the markets. It's always nice and puts the
spring in your step when you're talking about it when
the lambs are turning up on the ground at the moment,
but yeah, the anticipation will be when you start rolling
them out the gate in a few months time.
Speaker 2 (05:15):
It's interesting as well talking about Otago South and more
or less driving the economy through the rural sector. Yeah.
Speaker 1 (05:21):
It's probably something that you're not known for a long time,
isn't it. But it's good to get recognition further afield
in the parts. It goes to show like you don't
necessarily need population to drive it. It's yeah, set the
background population and performance isn't it. You've got to have
(05:42):
a thriving economy, and Stepon has been long being known
for that long mat continue.
Speaker 2 (05:46):
Man, I'm asking people out on the Lambing Beat just
for a couple of week tips regarding mindset and the likes.
What do you do to change things up at this
time of year to keep yourself sane. I suppose.
Speaker 1 (05:58):
I spent a reasonable amount of time on the phone.
To be fair, We're not heavily intensive, lemmons. I'm driving
up some cash sheep over and I'm pucking up a
few casuallys by day. So yeah, I wrung a lot
of people and have a bit of a chat to
the middle of the day and listen to a fever
bit of music is driving around, and yeah, keep a
(06:19):
clear head. It's always good. Look. It can be fairly
isolated at times when you're out and about all days.
It's always good to yeah, checking on others and see
where they're at and how things are going. And yeah,
so it'd be a couple of things that I've done
at the moment.
Speaker 2 (06:38):
Just finally, we'll talk about a round fully shield. It
was better to have loved and lost and not loved
at all, as I keep on saying six days. It
was glorious. It was short, but we had the shield.
Speaker 1 (06:47):
I suppose, yeah, one hundred percent. It was a magnificent
effort against Wykiado to bring it home. And yeah, something
that they you might be able to take away from
those boys that held for six days. They came up
against a pretty tough, sluck Cannibury outfit. But yeah, I'm
certainly turning heads. And I guess when you look back
(07:08):
at some of those goals and the team talking about
when Seth and Lass heard it and the expression that was,
like you say in sporing, another generation of kids coming
through to give it a crack. Aren't they certainly know
my boys are I'm pretty fuzzed off about the Seth
and Staggs at the moment. So yes, long that.
Speaker 2 (07:25):
Last good only met all the best out on the
trenches this afternoon. You appreciate your time.
Speaker 1 (07:30):
I appreciate it anything for the call.
Speaker 2 (07:34):
Matt McCrae farming at Macaraida. Up next in studio David Crane,
David Frame from Craig's and Best my partners here in
Gore
He rides a new rides.
Speaker 2 (00:04):
These things from a glass.
Speaker 1 (00:08):
He looks too windows.
Speaker 2 (00:14):
Matt McCrae Farms at Macarada joins us this afternoon on
the muster. Good afternoon, met. How's everything out in the trenches.
Speaker 1 (00:21):
Yeah, afternoon, Andy, Surprisingly not too bad. Yeahs has got
it wrong and the sun's shining at the moment, so
we'll take that. There's a one for today.
Speaker 2 (00:31):
It's been pretty weird over the last couple of weeks,
I understand, even ten days.
Speaker 1 (00:35):
Yeah, yeah, just probably the last ten days. We've been
playing a bit of kitch up on rainfall. So about
one hundred and thirty mills or a bit over for
the last Yeah, ten days are so well. We started
lemon so yeah, the dear fan is not giving me stick,
but it starts rowning when you start lemming, and they're
about spot on to be fair.
Speaker 2 (00:53):
What's the situation like compared to twelve months ago?
Speaker 1 (00:56):
A lot more positive, Yeah, I guess it's so early
days in terms of spring now, but a lot on farm. Yeah,
we've like the ground conditions are okay, sucked up most
of that. Rain covers are dropping a bit, which is
probably concerning. We probably need a bit of heat in
the next week or ten days is to keep on
(01:17):
top of that. But yeah, you conditions are really good,
and yeah, most of all, the market signals are a
lot more positive than what we were twelve months ago.
Who would have.
Speaker 2 (01:26):
Thought it's crazy when you think about it. We'll talk
about this as well, Matt. Now it's came out come
out recently. Statsne z take a leave what they say,
especially regarding farm statistics and likes, but nonetheless and their
latest Food Price Index data release saying meat was a
key contributor to the five percent increase in food prices
for the year to July. They're saying that beef steak
(01:48):
and beef months prices run twenty four point six percent
and nineteen point three percent, respectively. Over the July year,
the price of one kg year beef months came to
twenty one ninety seven three dollars fifty more than a
year ago. What else quite interesting here regarding what we've
got sheet more at export. Sheep meat exports have increased
from nine eighty seven akilo in July twenty four to
(02:10):
thirteen fifty two for this year, but the most significant
values coming from the EU, where the average has gone
from fifteen ninety six last July to twenty one dollars
fifty one per kilo this July, which is a record
for monthly exports to the EU, and these figures continue
as well. It's interesting reading, but, like you say, positives
from our grower's perspective.
Speaker 1 (02:31):
Yeah, one hundred percent. We won't get into the stets
end Z debate, but yeah, there's some interesting fogus there,
isn't it. And it just begs the question around from
a farm level in returns, we need it to be
sustainable where it is at the moment. We've discussed that
plenty of times before. But yeah, I understand from the
(02:54):
consumer point of view about how prices are lifted. Unfortunately,
that's just the way inflation goes, isn't it. And I'd
love to see how much of that cut in the
middle and where that's going, because it seems to place
at the at the highest rate, isn't it. It's not
that farmers are making a whole lot more twenty four
percent more margin on everything they do. A lot of
(03:15):
what we spend goes back into the local communities. Yeah,
it would be interesting to have a decent.
Speaker 2 (03:21):
Look at that and you're talking about supermarkets and the
media wanting a scapegoat, namely Miles Harrel for the price
of butter, which was interesting to say the least, because
they obviously don't understand how things work as a trading nation.
Speaker 1 (03:35):
Yeah, exactly, and i'd yeah, it makes no different. You
just look at what it costs to boiquila, monks or
something in the chain, little and stake, So I understand
it is expensive. But when you break it down back
to what we get on farm, there's a lot of
value in the middle, isn't there. It's just understanding how
how the economics work. And yeah, it's good. It's yeah,
(03:58):
probably a shame that the Ridge Keewey doesn't have that
connection with farmers on the land now to understand where
their food comes from and how it gets on their plates.
There's a few call initiative bridging that gap at the moment,
but it's certainly something we need to be conscious of
as food producers.
Speaker 2 (04:18):
Talking about figures, an export friendly Kiwi dollar is around
fifty eight cents yui is at the moment too. You
think of the of the UK pounds down below forty
five cents the year around fifty cents yet the Australian dollar,
I think off the top of my head it's around
the ninety cent plus marks, So those things seem consistently
stable too, which is another positive.
Speaker 1 (04:37):
Yeah. It it's great positive news and I guess for
the red meat industry over the next six months it'll
be good looking at some stability around that, so we
can capitalize, especially from Anatago South end point of view,
when ourlm's start rolling out the gate from December onwards that, yeah,
we can capture a bit of the current het and
(04:59):
pricing in the markets. It's always nice and puts the
spring in your step when you're talking about it when
the lambs are turning up on the ground at the moment,
but yeah, the anticipation will be when you start rolling
them out the gate in a few months time.
Speaker 2 (05:15):
It's interesting as well talking about Otago South and more
or less driving the economy through the rural sector. Yeah.
Speaker 1 (05:21):
It's probably something that you're not known for a long time,
isn't it. But it's good to get recognition further afield
in the parts. It goes to show like you don't
necessarily need population to drive it. It's yeah, set the
background population and performance isn't it. You've got to have
(05:42):
a thriving economy, and Stepon has been long being known
for that long mat continue.
Speaker 2 (05:46):
Man, I'm asking people out on the Lambing Beat just
for a couple of week tips regarding mindset and the likes.
What do you do to change things up at this
time of year to keep yourself sane. I suppose.
Speaker 1 (05:58):
I spent a reasonable amount of time on the phone.
To be fair, We're not heavily intensive, lemmons. I'm driving
up some cash sheep over and I'm pucking up a
few casuallys by day. So yeah, I wrung a lot
of people and have a bit of a chat to
the middle of the day and listen to a fever
bit of music is driving around, and yeah, keep a
(06:19):
clear head. It's always good. Look. It can be fairly
isolated at times when you're out and about all days.
It's always good to yeah, checking on others and see
where they're at and how things are going. And yeah,
so it'd be a couple of things that I've done
at the moment.
Speaker 2 (06:38):
Just finally, we'll talk about a round fully shield. It
was better to have loved and lost and not loved
at all, as I keep on saying six days. It
was glorious. It was short, but we had the shield.
Speaker 1 (06:47):
I suppose, yeah, one hundred percent. It was a magnificent
effort against Wykiado to bring it home. And yeah, something
that they you might be able to take away from
those boys that held for six days. They came up
against a pretty tough, sluck Cannibury outfit. But yeah, I'm
certainly turning heads. And I guess when you look back
(07:08):
at some of those goals and the team talking about
when Seth and Lass heard it and the expression that was,
like you say in sporing, another generation of kids coming
through to give it a crack. Aren't they certainly know
my boys are I'm pretty fuzzed off about the Seth
and Staggs at the moment. So yes, long that.
Speaker 2 (07:25):
Last good only met all the best out on the
trenches this afternoon. You appreciate your time.
Speaker 1 (07:30):
I appreciate it anything for the call.
Speaker 2 (07:34):
Matt McCrae farming at Macaraida. Up next in studio David Crane,
David Frame from Craig's and Best my partners here in
Gore
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