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Farm gate newsletter for March 1st - 2020

News and analysis

LATEST MARKET PRICES

as at March 1st -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   70 -100 86   177 10
  SI   100 -106 103   170 20
Prime NI   112 -152 140   250 85
  SI   110 -150 135   286 95
STEER (c/kg) 481-580 Lwt NI   250 -259 256   336 240
Prime SI  

238 -248

243

  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 121.50 128.50 153 120 156 119.48
  SI 115 123.50 150

113

150 112.66
Local trade (c/kg) NI 690 740 870 700 870 690
  (16-22kg) SI 700 750 880 720 880 700
MUTTON ($/hd) gross NI 97 105 133 106 134 96.11
(21.0kg MX1) SI 92 102 135 102 136 92
BEEF (c/kg)              
P2 steer NI 463 502 610 508 615 463
  (270-295kg) SI 437 475 592

471

595 437
M2 Bull NI 463 508 618 460 618 460
  (296-320kg) SI 418 466 577 440

577

418
Local Trade P2 NI 488 548 618 523 618 488
  (180-280kg) SI 490 550 600 510 600 490
VENISON ($/hd) gross              
  AP Stag 60kg NZ 468 496 529 560 592 468
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

843

998 1039

939

1193 843
  Fine Xbrd (31.6-35.0)   277

342

417

417

550 277
  Coarse Xbrd (>35 mic)   257 275 307 303 364 257
 Merino   2192 2070 2114

2387

2428 1588
Lambs wool  (28-31 micron)   405 387

622

539

648 340
DAIRY ($/tonne)              
  Butter  

6,552

6,574

6,324 6,643 8,419 5,669
  Skim milk powder   4,550 4,696 4,699 3,964 4,707 2,506
  Wholemilk powder   4,752

5,001

5,172

4,514

5,182 3,911
  Cheese - cheddar   7,251 6,261 5,764

5,909

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 = $3.93
    * before retentions      

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