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Farm gate newsletter for November 23rd - 2019

News and analysis

LATEST MARKET PRICES

as at November 23rd -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   120 -130 124.5   177 10
  SI   86 -140 120.33   170 20
Prime NI   140 -210 195   250 85
  SI   150- 244 219   286 95
STEER (c/kg) 481-580 Lwt NI   316 -328 320.5   336 258
Prime SI  

 320 - 323

321.70

  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 156 153 146 139 156 119.48
  SI 150 149 139

132

150 112.66
Local trade (c/kg) NI 870 860 840 815 870 700
  (16-22kg) SI 880 850 820 790 880 700
MUTTON ($/hd) gross NI 134 127 116 107 134 96.11
(21.0kg MX1) SI 136 125 118 105 136 99.17
BEEF (c/kg)              
P2 steer NI 615 595 583 525 615 505
  (270-295kg) SI 595 551 543

498

595 471.25
M2 Bull NI 618 591 546 475 610 460
  (296-320kg) SI 575 520 493 449

553

440
Local Trade P2 NI 618 618 608 548 618 518
  (180-280kg) SI 600 585 590 540 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 535 569 545 651 674 532
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

1190

987 1123

955

1557 751
  Fine Xbrd (31.6-35.0)   460

487

391

390

550 302
  Coarse Xbrd (>35 mic)   308 321 309 297 354 280
 Merino   2160 2056 1880

2412

2596 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,336

6,466 6,293 6,349 8,419 5,703
  Skim milk powder   4,707 4,320 3,874 3,083 4,707 2,506
  Wholemilk powder   5,182

4,935

4,847

4,000

5,182 3,911
  Cheese - cheddar   5,775 5,727 6,030

5,138

6,472 4,853
               
  Fonterra milk price   2018/19 final $6.35 2019/20 forecast $6.55 -$7.55*
  Fonterra dividend   2017/18 final $0.10 2019/20 forecast 0.00
  Fonterra wet share price     NZX FCG = $4.00
    * before retentions      

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