Meat prices have increased by about 20 per cent over the last month and the high prices are going to stay for a while.
There's a shortage of beef, caused by high prices farmers are getting overseas - and the fact some former dry stock farms have been converted to dairy farms.
But NZ Beef and Lamb chief executive Rod Slater says the prices may have peaked.
"I think we are going into a period of a reasonably stable price regime, I think we have seen the biggest chunk of the price rises.
"It's good news and bad news," says Rod. "It's good news for the economy, but it's not so good for the average New Zealander's back pocket."
There is also a strong international demand for New Zealand lamb, says Rod. He says the beef shortage has seen three processing plants shutting down early, one in the South Island and two in the North Island
One Tauranga butcher reported recent increases in his wholesale beef prices of 20 per cent over the last 6-8 weeks.
Wholesalers Wilson Hellaby say the prices are going to remain high until the spring stock is ready for the works.
"A lot of stock came out early and the spring stock is not quite ready. It's driven mainly by local trade," says Wilson Hellaby wholesale carcass manager Brian O'Connor.
"Until the spring cattle come out, I don't think it will change a lot."



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