Beef and lamb prices continue to head in the opposite direction to milk price, buoyed by a falling dollar, tight supply and static, if not increasing demand. We have had much needed rain in the past week, which should see pasture covers start to flush and allow animal intakes to lift.
Cattle across the group continue to perform well, with heifer and bull growth rates ahead of expectations and as planned we expect to kill our first 20 Wagyu.
Docking results have now come in from Tihi-o-tonga and Wharenui, with Tihi-o-tonga at 120% slightly below where we budgeted, but Wharenui, at 116%, 520 lambs down on expectations. This outcome is largely down to the Toxoplasmosis outbreak in the 2th ewes. We will need to consider additional trading lambs to help recover some of the revenue deficit. Overall WFL lambed at 119% vs 137% in 2013.
There have been no incidents or accidents to report on farm this month.
The tractor purchase at Ngongotaha has been completed.