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Farm gate newsletter for July 12th - 2020

News and analysis

LATEST MARKET PRICES

as July 12th -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   100 - 112 106   177 10
  SI   92 -118 105   170 20
Prime NI   120 - 165 149   250 85
  SI   130 - 190 176   286 95
STEER (c/kg) 481-580 Lwt NI   265- 271 268   336 240
Prime SI   239 - 245 242   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 124 122 117 140 156 114
  SI 117 116 111 132 150 110
Local trade (c/kg) NI 710 700

690

800 870 670
  (16-22kg) SI 710 680 670 780 880 650
MUTTON ($/hd) gross NI 104 104 101 115 134 96.11
(21.0kg MX1) SI 100 99 92 115 136 92
BEEF (c/kg)              
P2 steer NI 518 495 463 555 615 463
  (270-295kg) SI 472 458 431 514 595 431
M2 Bull NI 520 495 463 528 618 463
  (296-320kg) SI 425 418 402 474 577 402
Local Trade P2 NI 538 518 498 588 618 478
  (180-280kg) SI 500 470 470 560 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 363 362 422 532 592 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   716 738 805 1083 1317 664
  Fine Xbrd (31.6-35.0)   208 209 277 480 550 205
  Coarse Xbrd (>35 mic)   192 199 251 308 364 190
 Merino   1252 2550 2550 1847 2550 1252
Lambs wool  (28-31 micron)   245 229 288 525 648 203
DAIRY ($/tonne)              
  Butter   5,657 5,639 7,014 6,481 8,419 5,580
  Skim milk powder   4,100 3,929 4,136 3,630 4,707 2,506
  Wholemilk powder   4,882 4,288 4,640 4,435 5,182 3,911
  Cheese - cheddar   5,725 5,467 7,231 5,610 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 = $3.82
    * before retentions      

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