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New Zealand Livestock and Wool Market Summary
WASHINGTON - Feb 10/03 - STAT -- The latest weekly summary of New Zealand's beef, lamb and wool markets was released by the USDA today.
Discussing beef markets, the USDA reports Beef: U.S. manufacturing beef market was directionless last week, prices rising and falling.
With little change to cuts and exchange rates, no major changes to Agri-Fax market indicators. Market returns for New Zealand prime steer are 30c/kg better than for bull right now and is being reflected in exporters schedules.
Plenty of New Zealand beef trimmings (80-90% lean) are now being processed into patties in New Zealand for markets in New Zealand, SE Asia, China and North America.
McDonalds, USA decision to use New Zealand beef in U.S. and other countries helped.
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