Latest / Best of Business / Hamish McKay: The Country spokesperson on the outlook for farmgate beef and lamb prices

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Hamish McKay: The Country spokesperson on the outlook for farmgate beef and lamb prices · Best of Business

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  Speaker 2: So gimm call today a ninety ninety six. Rather, let's
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  Speaker 2: get it right, give me call today. Oh eight hundred
• 1:01
  Speaker 2: and three to two one double one three past performance
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  Speaker 2: isn't a reliable indicator of future performance? First Mortgage Managers
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  Speaker 2: Limited is the issue and isn't a bank. And for
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  Speaker 2: the PDS, visit FMT, dot CO dot MZ.
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  Speaker 1: The Rural Report on hither due to see Allan Drive.
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  Speaker 2: And Hamish Mackay, hosts of the Countries with Us. Hello, Hamish,
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  Speaker 2: Hello mate, somebody just sent me a text seed you've
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  Speaker 2: been bloody sick of the last few days? Have you?
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  Speaker 3: Who me a listener? No? No, it would have been
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  Speaker 3: cousin Jamie who's been sick. That's why you know. That's
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  Speaker 3: why I'm fronting up.
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  Speaker 2: Oh actually, yeah, probably they got their wires crossed there.
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  Speaker 2: Now listen, now that I've established that you're well and
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  Speaker 2: able to talk to us, the farm gate prices for
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  Speaker 2: the lamb and the beef right, we're pretty happy with them.
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  Speaker 2: They're looking good. But why are you worried that we
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  Speaker 2: shouldn't get too carried away about this?
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  Speaker 3: Well, I think it's just about all about keeping it
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  Speaker 3: a bit in perspective. And there's this fandangle thing called
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  Speaker 3: the Global Uncertainty Scale, which I'm sure we've heard of,
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  Speaker 3: and it's undergone a massive spike in you know, far
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  Speaker 3: bigger than some of the global events that we've had
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  Speaker 3: and say, the last couple of decades. But this is
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  Speaker 3: the global certainly from Iran, Palestine, Ukraine, Trump or moves
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  Speaker 3: et cetera, et cetera. And I guess what we're seeing
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  Speaker 3: is a result of this, or alongside this is the
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  Speaker 3: global trade now being controlled by power rather than rules.
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  Speaker 3: Is just the end of the golden weather, so to speak.
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  Speaker 3: So the results we've got a week in KIW dollar
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  Speaker 3: because of this global uncertainty, and this inflates our returns
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  Speaker 3: quite markedly. In the case of lamb, could you could
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  Speaker 3: nail it at about twenty percent, and if we measure
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  Speaker 3: today's prices against the CPI over the last ten years,
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  Speaker 3: that will wipe off another thirty percent. So yes, let's
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  Speaker 3: get all excited about three hundred dollars lambs that you
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  Speaker 3: can get from the farm gate. And you know people
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  Speaker 3: that were, you know, producing two thousand lambs. It's not
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  Speaker 3: a bad, bad payday. But look, it's arguably the truth
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  Speaker 3: is more like one hundred and fifty to one hundred
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  Speaker 3: and eighty. So a prudent planner would be using that
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  Speaker 3: as a guide for future budgeting. Let's hope that is
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  Speaker 3: the case.
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  Speaker 2: What is it that we're teaching the Aussies about animal welfare?
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  Speaker 3: Yeah, so look, animal welfare are critical to market at vantage,
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  Speaker 3: and we've got the you know, this very was previously
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  Speaker 3: acceptable practice of mules ing. That's the barbaric practice really
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  Speaker 3: cutting off the wrinkly backsides of marinos. And if you
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  Speaker 3: can think, you know, it's all a bit eradicated here,
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  Speaker 3: great work by MPI, you know, and farmers and ensures
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  Speaker 3: a premium on all things marino, obviously the wall. But
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  Speaker 3: in Australia they're still practicing this thing called mulesing on
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  Speaker 3: eighty percent of all farms. And look, okay, they do
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  Speaker 3: have a far greater fly problem in the heat and
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  Speaker 3: the dust. They're a lot worse than us. But you
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  Speaker 3: know that's possibly why their uptake is so slow. But
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  Speaker 3: you know, they are really dragging the chain and we're
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  Speaker 3: showing them how it's done. And end of the day, look,
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  Speaker 3: price and quality of product will always be the major
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  Speaker 3: determinants of demand globally, but refugee via ethics and standards
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  Speaker 3: that will always count for plenty. And you know, if
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  Speaker 3: we're getting those sort of things right and if we
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  Speaker 3: can make good with fresh water and reducing methane emissions.
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  Speaker 3: I mean, you know, Bob's your uncle. We're going to
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  Speaker 3: leave the world which we can, so do you go.
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  Speaker 2: I love their optimism for it. Yeah, I love it. Amos.
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  Speaker 2: Thank you very much. Look after yourself and keep well
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  Speaker 2: as it turns out. Hamus Macaye, host of the Country.
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