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Farm gate newsletter for February 22nd - 2020

News and analysis

LATEST MARKET PRICES

as at February 22nd -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   75 -104 89   177 10
  SI   85 -100 92   170 20
Prime NI   120 -157 145   250 85
  SI   120 - 163 152   286 95
STEER (c/kg) 481-580 Lwt NI   230 - 240 237   336 240
Prime SI  

204 -243

224

  341 191
               
    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 122 132 156 120 156 119.48
  SI 115 128 150

114

150 112.66
Local trade (c/kg) NI 700 780 870 700 870 700
  (16-22kg) SI 710 790 880 720 880 700
MUTTON ($/hd) gross NI 97 113 134 106 134 96.11
(21.0kg MX1) SI 92 110 136 102 136 92
BEEF (c/kg)              
P2 steer NI 463 528 615 508 615 463
  (270-295kg) SI 447 497 595

471

595 447
M2 Bull NI 470 518 618 460 618 470
  (296-320kg) SI 426 483 575 440

575

426
Local Trade P2 NI 498 563 618 540 618 498
  (180-280kg) SI 500 560 600 520 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 468 501 535 566 592 478
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

998

1019 987

938

1193 866
  Fine Xbrd (31.6-35.0)   317

367

419

327

550 317
  Coarse Xbrd (>35 mic)   258 277 308 295 364 262
 Merino   2070 2114 2160

2387

2428 1588
Lambs wool  (28-31 micron)   340 492

622

541

648 340
DAIRY ($/tonne)              
  Butter  

6,442

6,430

6,336 6,644 8,419 5,669
  Skim milk powder   4,473 4,593 4,707 3,964 4,707 2,506
  Wholemilk powder   4,762

4,891

5,182

4,515

5,182 3,911
  Cheese - cheddar   7,129 6,124 5,775

5,286

7,129 4,853
               
  Fonterra milk price   2018/19 final $6.35 2019/20 forecast $7.00 -$7.60*
  Fonterra dividend   2017/18 final $0.10 2019/20 forecast $0.15 - $0.25
  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 »