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Farm gate newsletter for March 21st - 2020

News and analysis

LATEST MARKET PRICES

as at March 21st -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   80 -107 90   177 10
  SI   86 -106 97   170 20
Prime NI   130 - 160 142   250 85
  SI   120 - 142 132   286 95
STEER (c/kg) 481-580 Lwt NI   250 -255 253   336 240
Prime SI  

207 - 220

213

  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 121.50 122 145 120 156 119.48
  SI 115 115 141

113

150 112.66
Local trade (c/kg) NI 700 690 840 700 870 690
  (16-22kg) SI 700 700 850 700 880 700
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 463 463 573 505 615 463
  (270-295kg) SI 435 447 555

474

595 435
M2 Bull NI 463 470 573 460 618 460
  (296-320kg) SI 416 426 543 440

577

416
Local Trade P2 NI 498 498 618 520 618 478
  (180-280kg) SI 480 500 590 500 600

480

VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 468 512 553 592 443
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

805

998 1019

921

1193 805
  Fine Xbrd (31.6-35.0)   287

290

363

467

550 277
  Coarse Xbrd (>35 mic)   251 258 289 307 364 251
 Merino   2550 2070 2114

2387

2550 1588
Lambs wool  (28-31 micron)   288 340

648

504

648 288
DAIRY ($/tonne)              
  Butter  

7,143

6,442

5,884 6,906 8,419 5,669
  Skim milk powder   4,416 4,473 4,341 4,202 4,707 2,506
  Wholemilk powder   4,887

4,672

4,693

4,787

5,182 3,911
  Cheese - cheddar   7,143 7,129 5,859

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 = $3.89
    * before retentions      

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