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Farm gate newsletter for May 24th - 2020

News and analysis

LATEST MARKET PRICES

as May 24th -2020

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store   N.B. Normal transmission now operating although recent historical warped due to lockdown. NI   59 -91 77   177 10
  SI   78 -90 84   170 20
Prime NI   100 - 140 120   250 85
  SI   105 - 175 135   286 95
STEER (c/kg) 481-580 Lwt NI   231 -252 241   336 240
Prime SI  

205 - 234

219

 

  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

117.56

114 122 133 156 114
  SI 110 61 110 115

123

150 110
Local trade (c/kg) NI 670 670 690 770 870 670
  (16-22kg) SI 650 650 700 740 880 650
MUTTON ($/hd) gross NI 101 100 97 112 134 96.11
(21.0kg MX1) SI 94 92 92 109 136 92
BEEF (c/kg)              
P2 steer NI 480 463 463 535 615 463
  (270-295kg) SI 442 435 447

483

595 431
M2 Bull NI 475 463 470 498 618 463
  (296-320kg) SI 405 402 426 448

577

402
Local Trade P2 NI 488 488 498 548 618 478
  (180-280kg) SI 470 470 490

515

600

470

VENISON ($/hd) gross              
  AP Stag 60kg NZ 312 420 468

535

592 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

805

805 1019

1025

1317 805
  Fine Xbrd (31.6-35.0)   278

286

352

484

550 277
  Coarse Xbrd (>35 mic)   210 251 257 342 364 210
 Merino   2550 2550 2114

2291

2550 1588
Lambs wool  (28-31 micron)   295 288

340

563

648 288
DAIRY ($/tonne)              
  Butter  

6,238

6,843

6,532 8,085 8,419 5,669
  Skim milk powder   4,181 3,956 4,535 3,860 4,707 2,506
  Wholemilk powder   4,391

4,500

4,737

4,853

5,182 3,911
  Cheese - cheddar  

6,338

7,447 7,228

7,404

7,284 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 = $3.61

    * before retentions      

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