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Farm gate newsletter for June 6th - 2020

News and analysis

LATEST MARKET PRICES

as June 6th -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   78 -113 110   177 10
  SI   98 - 103 101   170 20
Prime NI   110 - 162 140   250 85
  SI   115 - 195

160

  286 95
STEER (c/kg) 481-580 Lwt NI   206 -263 235   336 240
Prime SI  

172 - 220

200

 

  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

118.44

114 122 135 156 114
  SI 113.45 110 115

126

150 110
Local trade (c/kg) NI 680 670 690 780 870 670
  (16-22kg) SI 670 650 700 740 880 650
MUTTON ($/hd) gross NI 103 100 97 113 134 96.11
(21.0kg MX1) SI 100 93 92 112 136 92
BEEF (c/kg)              
P2 steer NI 490 463 463 540 615 463
  (270-295kg) SI 458 440 435

483

595 431
M2 Bull NI 490 463 463 503 618 463
  (296-320kg) SI 415 402 416 461

577

402
Local Trade P2 NI 508 488 478 548 618 478
  (180-280kg) SI 470 470 480

515

600

470

VENISON ($/hd) gross              
  AP Stag 60kg NZ 315 323 459

535

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

805

805 843

1141

1317 805
  Fine Xbrd (31.6-35.0)   213

277

290

274

550 213
  Coarse Xbrd (>35 mic)   204 251 259 319 364 204
 Merino   2550 2550 2550

1847

2550 1588
Lambs wool  (28-31 micron)   210 288

405

511

648 210
DAIRY ($/tonne)              
  Butter  

5,580

6,310

6,497 7,212 8,419 5,580
  Skim milk powder   3,888 3,872 4,321 3,656 4,707 2,506
  Wholemilk powder   4,243

4,479

4,643

4,710

5,182 3,911
  Cheese - cheddar  

5,410

6,715 6,740

5,928

7,284 4,853
               
  Fonterra milk price   2019/20 f/cast $7.10 -$7.30 2020/21 forecast $5.40 -$6.90*
  Fonterra dividend   2018/19 final $6.35 2019/20 forecast $0.15 - $0.25
  Fonterra wet share price    

NZX FCG = $3.76

    * before retentions      

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