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Farm gate newsletter for July 19th - 2020

News and analysis

LATEST MARKET PRICES

as July 19th -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   77 - 118 93   177 10
  SI   89 -111 100   170 20
Prime NI   128 - 161 148   250 85
  SI   130 - 206 184   286 95
STEER (c/kg) 481-580 Lwt NI   238- 280 260   336 240
Prime SI   256 - 258 257   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 124 122 114 142 156 114
  SI 117 116 110 133 150 110
Local trade (c/kg) NI 710 700

670

800 870 670
  (16-22kg) SI 710 680 650 780 880 650
MUTTON ($/hd) gross NI 104 104 101 115 134 96.11
(21.0kg MX1) SI 99 100 93 115 136 92
BEEF (c/kg)              
P2 steer NI 518 508 463 563 615 463
  (270-295kg) SI 472 462 431 518 595 431
M2 Bull NI 520

510

463 528 618 463
  (296-320kg) SI 425 421 402 478 577 402
Local Trade P2 NI 548 518 488 598 618 478
  (180-280kg) SI 500 470 470 570 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 363 362 420 532 592 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   737 701 805 1126 1317 664
  Fine Xbrd (31.6-35.0)   237 205 277 527 550 205
  Coarse Xbrd (>35 mic)   193 193 251 319 364 190
 Merino   1252 2550 2550 1847 2550 1252
Lambs wool  (28-31 micron)   204 276 288

525

648 203
DAIRY ($/tonne)              
  Butter   5,670 5,614 7,087 6,517 8,419 5,580
  Skim milk powder   4,109 4,072 4,180 3,705 4,707 2,506
  Wholemilk powder   4,893 4,415 4,688 4,547 5,182 3,911
  Cheese - cheddar   5,738 5,667 7,307 5,723 7,284 4,853
               
  Fonterra milk price   2019/20 f/cast $7.10 -$7.20 2020/21 forecast $5.90 -$6.90*
  Fonterra dividend   2018/19 final $6.35 2019/20 forecast $0.15 - $0.25
  Fonterra wet share price     NZX FCG = $3.88
    * before retentions      

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