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Farm gate newsletter for October 14th - 2019

News and analysis

LATEST MARKET PRICES

as at October 14th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   106 -141 128   177 10
  SI   118 - 123 121   170 20
Prime NI   145 -235 220   250 85
  SI   155- 240 210   286 95
STEER (c/kg) 481-580 Lwt NI   314 -320 317   336 258
Prime SI  

 295 - 311

305   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 153 148 130 142 153 119.48
  SI 147 141 132

133

147 112.66
Local trade (c/kg) NI 850 850 800 830 850 700
  (16-22kg) SI 840 830 780 820 840 700
MUTTON ($/hd) gross NI 125 118 115 109 125 96.11
(21.0kg MX1) SI 123 119 115 107 123 99.17
BEEF (c/kg)              
P2 steer NI 590 586 555 558 590 505
  (270-295kg) SI 548 543 514

523

548 471.25
M2 Bull NI 585 545 528 485 585 460
  (296-320kg) SI 515 500 474 461 515 440
Local Trade P2 NI 618 618 578 600 618 518
  (180-280kg) SI 585 590 550 580 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 578 560 534 681 681 532
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

1057

1028 1083 769 1557 751
  Fine Xbrd (31.6-35.0)   446 461 531 425 531 302
  Coarse Xbrd (>35 mic)   313 295 308 308 354 280
 Merino   2170 2174 1753 2428 2596 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,509

6,318 6,481 6,481 8,419 5,703
  Skim milk powder   4,220 3,920 3,630 3,630 4.202 2,506
  Wholemilk powder   4,957

4,824

4,435 4,435 5,063 3,911
  Cheese - cheddar   5,866 6,001 5,610

5,610

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 = $3.99
    * before retentions      

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