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Farm gate newsletter for June 27th - 2020

News and analysis

LATEST MARKET PRICES

as June 27th -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 - 111 94   177 10
  SI   109 -115 114   170 20
Prime NI   129 - 174 163   250 85
  SI   135 - 195 182   286 95
STEER (c/kg) 481-580 Lwt NI   223 - 269 254   336 240
Prime SI   245 - 248 247   341 191
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 123 118 122 137 156 114
  SI 116 111 115 131 150 110
Local trade (c/kg) NI 700 680 700 790 870 670
  (16-22kg) SI 700 660 700 770 880 650
MUTTON ($/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 513 480 463 550 615 463
  (270-295kg) SI 467 442 435 511 595 431
M2 Bull NI 515 475 463 523 618 463
  (296-320kg) SI 423 405 416 470 577 402
Local Trade P2 NI 518 498 498 548 618 478
  (180-280kg) SI 470 470 480 515 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 363 314 429 535 592 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   664 805 805 1083 1317 664
  Fine Xbrd (31.6-35.0)   205 245 277 514 550 205
  Coarse Xbrd (>35 mic)   190 210 251 322 364 190
 Merino   1252 2550 2550 1847 2550 1252
Lambs wool  (28-31 micron)   206 210 251 322 648 206
DAIRY ($/tonne)              
  Butter   5,600 6,142 6,863 6,778 8,419 5,580
  Skim milk powder   4,062 4,117 4,185 3,510 4,707 2,506
  Wholemilk powder   4,404 4,323 4,632 4,475 5,182 3,911
  Cheese - cheddar   5,653 6,240 7,284 5,629 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 = $3.73
    * before retentions      

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