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After two straight years of reaching record levels, New Zealand beef production and exports are expected to fall slightly in 2022. This decline is a result of expected reduced steer and heifer slaughter, as calf retentions in 2019 boosted last year’s slaughter number. As the size of New Zealand’s cattle herd is relatively steady, slaughter numbers are expected to return to more typical levels this year.
The New Zealand cattle industry both dairy and beef sectors are now in a period of change which has not played out in entirety yet.
Post forecasts New Zealand’s grape crop for 2017 at 418,000 metric tons with wine production estimated at 301 million liters, just 3 percent below the 310 million liters available from 2016...