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Farm gate newsletter for September 28th - 2019

News and analysis

LATEST MARKET PRICES

as at September 28th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   115 -158 137   177 10
  SI   140 -150 145   170 20
Prime NI   150 -229 204   250 85
  SI   160- 245 208   286 95
STEER (c/kg) 481-580 Lwt NI   297 -324 307   336 258
Prime SI  

 296 - 312

304   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 148 146 137 144 148 119.48
  SI 144 139 131

134

143 112.66
Local trade (c/kg) NI 850 840 790 825 850 700
  (16-22kg) SI 830 820 770 830 840 700
MUTTON ($/hd) gross NI 118 116. 113 112 118 96.11
(21.0kg MX1) SI 120 118 113 110 120.34 99.17
BEEF (c/kg)              
P2 steer NI 586 586 550 570 589 505
  (270-295kg) SI 545 543 511

535

543 471.25
M2 Bull NI 545 545 523 508 546 460
  (296-320kg) SI 505 495 470 478 505 440
Local Trade P2 NI 618 608 568 610 618 518
  (180-280kg) SI 590 590 550 590 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 566 545 535 689 689 532
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

1060

961 1083 1210 1557 751
  Fine Xbrd (31.6-35.0)   481 424 514 458 531 302
  Coarse Xbrd (>35 mic)   303 309 322 342 354 280
 Merino   2189 1895 1753 2340 2596 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,558

6,379 6,778 6,802 8,419 5,703
  Skim milk powder   4.128 3,927 3,510 3,510 4.202 2,506
  Wholemilk powder   4,976 4,913 4,475 4,308 5,063 3,911
  Cheese - cheddar   6,109 6,113 5,629

5,593

6,472 4,853
               
  Fonterra milk price   2018/19 final $6.35 2019/20 forecast $6.25 -$7.25*
  Fonterra dividend   2017/18 final $0.10 2019/20 forecast 0.00
  Fonterra wet share price     NZX FCG = $3.50
    * before retentions      

for more detailed price data, by individual saleyard or processor, see our comprehensive listings here »