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Farm gate newsletter for October 7th - 2019

News and analysis

LATEST MARKET PRICES

as at October 7th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   112 -156 136   177 10
  SI   130 -155 140   170 20
Prime NI   145 -245 214   250 85
  SI   165- 219 195   286 95
STEER (c/kg) 481-580 Lwt NI   314 -327 322   336 258
Prime SI  

 306 - 325

314   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 150 147 139 144 150 119.48
  SI 145 140 132

134

145 112.66
Local trade (c/kg) NI 850 850 790 830 850 700
  (16-22kg) SI 840 830 770 820 840 700
MUTTON ($/hd) gross NI 120 116. 114 111 120 96.11
(21.0kg MX1) SI 122 118 113 108 122 99.17
BEEF (c/kg)              
P2 steer NI 588 586 555 570 589 505
  (270-295kg) SI 548 543 514

535

548 471.25
M2 Bull NI 555 545 528 500 555 460
  (296-320kg) SI 512 498 474 474 512 440
Local Trade P2 NI 618 618 578 600 618 518
  (180-280kg) SI 590 590 550 580 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 578 554 534 687 689 532
               
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)   415 450 541 450 531 302
  Coarse Xbrd (>35 mic)   312 298 328 327 354 280
 Merino   2189 1895 1753 2340 2596 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,531

6,268 6,548 6,943 8,419 5,703
  Skim milk powder   4,238 3,889 3,667 3,395 4.202 2,506
  Wholemilk powder   4,973

4,785

4,480 4,397 5,063 3,911
  Cheese - cheddar   5,885 5,954 5,668

5,709

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 = $3.78
    * before retentions      

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