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Farm gate newsletter for March 8th - 2020

News and analysis

LATEST MARKET PRICES

as at March 8th -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   76 -98 92   177 10
  SI   108 -115 111   170 20
Prime NI   118-165 143   250 85
  SI   120-196 155   286 95
STEER (c/kg) 481-580 Lwt NI   242 -252 246   336 240
Prime SI  

228 -232

230

  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 121.50 125 152 120 156 119.48
  SI 115 119 148

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 97 102 130 106 134 96.11
(21.0kg MX1) SI 92 97 132 102 136 92
BEEF (c/kg)              
P2 steer NI 463 488 593 508 615 463
  (270-295kg) SI 435 465 581

471

595 435
M2 Bull NI 463 495 610 460 618 460
  (296-320kg) SI 418 445 570 440

577

418
Local Trade P2 NI 478 538 618 528 618 478
  (180-280kg) SI 480 540 600 510 600

480

VENISON ($/hd) gross              
  AP Stag 60kg NZ 462 485 523 559 592 462
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

843

998 1039

921

1193 843
  Fine Xbrd (31.6-35.0)   290

328

365

464

550 277
  Coarse Xbrd (>35 mic)   259 267 314 315 364 257
 Merino   2550 2070 2114

2387

2550 1588
Lambs wool  (28-31 micron)   324 389

622

576

648 340
DAIRY ($/tonne)              
  Butter  

6,497

6,653

6,068 6,697 8,419 5,669
  Skim milk powder   4,321 4,542 4,674 3,996 4,707 2,506
  Wholemilk powder   4,643

4,748

5,075

4,551

5,182 3,911
  Cheese - cheddar   6740 6,722 5,785

5,957

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 = $3.89
    * before retentions      

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