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Farm gate newsletter for March 14th - 2020

News and analysis

LATEST MARKET PRICES

as at March 14th -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   60 -104 86   177 10
  SI   105 -110 107   170 20
Prime NI   120 -151 140   250 85
  SI   130 -155 144   286 95
STEER (c/kg) 481-580 Lwt NI   220 -255 239   336 240
Prime SI  

212 -223

218

  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 121.50 122 149 120 156 119.48
  SI 115 116 145

113

150 112.66
Local trade (c/kg) NI 690 700 840 700 870 690
  (16-22kg) SI 700 710 850 700 880 700
MUTTON ($/hd) gross NI 97 101 130 104 134 96.11
(21.0kg MX1) SI 92 95 130 101 136 92
BEEF (c/kg)              
P2 steer NI 463 473 578 508 615 463
  (270-295kg) SI 435 452 567

471

595 435
M2 Bull NI 463 480 590 460 618 460
  (296-320kg) SI 418 432 556 440

577

418
Local Trade P2 NI 478 498 618 520 618 478
  (180-280kg) SI 480 500 590 500 600

480

VENISON ($/hd) gross              
  AP Stag 60kg NZ 446 478 512 553 592 446
               
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)   299

317

352

488

550 277
  Coarse Xbrd (>35 mic)   253 262 308 318 364 253
 Merino   2550 2070 2114

2387

2550 1588
Lambs wool  (28-31 micron)   376 348

641

504

648 340
DAIRY ($/tonne)              
  Butter  

6,815

6,612

6,028 6,606 8,419 5,669
  Skim milk powder   4,532 4,514 4,643 4,202 4,707 2,506
  Wholemilk powder   4,870

4,719

5,041

4,787

5,182 3,911
  Cheese - cheddar   7,069 6,680 5,746

5,992

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 = $3.69
    * before retentions      

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