Red meat prices remaining strong

Key highlights The ASB NZ Commodity Price Index lifted in USD terms last week, but declined in NZD terms following strong increases in the NZD towards the end of last week. The NZD has subsequently eased and is trading below 0.80 against the USD at the time of writing.       Report prepared by: Chris Tennent-Brown CBA NZ Economist Phone: +64 9 374 8819 Fax: +64 9 302 0992