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New Zealand Livestock and Wool Market Summary
WASHINGTON - Mar 18/03 - 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: Anxious U.S. consumers in uncertain times not reducing level of frozen beef stocks and this was main reason for prices easing 1-2 cents per pound last week.
In contrast, prices in Asian markets for cuts and some manufacturing items continue to rise.
Helped by a 3% weaker New Zealand dollar, Agri-Fax indicator prices up 15c/kg for steers and 8c/kg for bulls.
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