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Farm gate newsletter for June 20th - 2020

News and analysis

LATEST MARKET PRICES

as June 20th -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  

90 -108

100   177 10
  SI   108 -117 113   170 20
Prime NI   110 - 165 155   250 85
  SI   120 - 204

185

  286 95
STEER (c/kg) 481-580 Lwt NI   225 - 263 252   336 240
Prime SI  

232 - 250

239

  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

122

118 122 136 156 114
  SI 116 111 115

129

150 110
Local trade (c/kg) NI 700 670 690 790 870 670
  (16-22kg) SI 680 650 700 770 880 650
MUTTON ($/hd) gross NI 104 101 101 113 134 96.11
(21.0kg MX1) SI 100 94 93 113 136 92
BEEF (c/kg)              
P2 steer NI 508 480 463 540 615 463
  (270-295kg) SI 462 442 435

498

595 431
M2 Bull NI 510 475 463 515 618 463
  (296-320kg) SI 421 405 416 466

577

402
Local Trade P2 NI 518 488 498 568 618 478
  (180-280kg) SI 470 470 480

550

600

470

VENISON ($/hd) gross              
  AP Stag 60kg NZ 362 312 443

535

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

738

805 805

1193

1317 738
  Fine Xbrd (31.6-35.0)   213

277

290

274

550 213
  Coarse Xbrd (>35 mic)   193 230 251 333 364 193
 Merino   1252 2550 2550

1847

2550 1252
Lambs wool  (28-31 micron)   276 295

287

547

648 210
DAIRY ($/tonne)              
  Butter  

5,614

6,238

7,389 6,909 8,419 5,580
  Skim milk powder   4,072 4,181 4,506 3,578 4,707 2,506
  Wholemilk powder   4,415

4,391

4,988

4,561

5,182 3,911
  Cheese - cheddar  

5,667

6,338 7,842

5,737

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 = $3.74

    * before retentions      

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