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Farm gate newsletter for July 4th - 2020

News and analysis

LATEST MARKET PRICES

as July 4th -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   75 - 120 100   177 10
  SI   91 -117 104   170 20
Prime NI   122 - 163 148   250 85
  SI   125 - 195 177   286 95
STEER (c/kg) 481-580 Lwt NI   258- 268 266   336 240
Prime SI   235 - 240 238   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 124 118 121 137 156 114
  SI 117 113 113 131 150 110
Local trade (c/kg) NI 700 680

690

790 870 670
  (16-22kg) SI 700 670 680 770 880 650
MUTTON ($/hd) gross NI 104 103 101 113 134 96.11
(21.0kg MX1) SI 100 98 92 113 136 92
BEEF (c/kg)              
P2 steer NI 513 490 463 550 615 463
  (270-295kg) SI 472 458 431 511 595 431
M2 Bull NI 515 480 463 523 618 463
  (296-320kg) SI 425 411 410 470 577 402
Local Trade P2 NI 528 508 498 568 618 478
  (180-280kg) SI 480 470 470 550 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 363 315 423 535 592 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   716 755 805 1083 1317 664
  Fine Xbrd (31.6-35.0)   206 213 277 541 550 205
  Coarse Xbrd (>35 mic)   194 204 251 328 364 190
 Merino   1252 2550 2550 1847 2550 1252
Lambs wool  (28-31 micron)   203 271 287 525 648 203
DAIRY ($/tonne)              
  Butter   5,523 5,580 7,071 6,548 8,419 5,580
  Skim milk powder   4,006 3,888 4,312 3,667 4,707 2,506
  Wholemilk powder   4,344 4,243 4,772 4,480 5,182 3,911
  Cheese - cheddar   5,575 5,410 7,504 5,665 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 = $3.79
    * before retentions      

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