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Farm gate newsletter for February 28th - 2021

News and analysis

LATEST MARKET PRICES

as February 28th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   71 -105

94

  177 70
  SI   100 - 105 100   170 75
Prime NI   106 - 160 135   250 85
  SI   125 -158 140   286 95
STEER (c/kg) 481-580 Lwt NI   244 - 258 251   336 240
Prime SI    228 - 246 243   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 114 116 121 122 132 114
  SI 107 108 117 115 128 107
Local trade (c/kg) NI 650 650

710

690 780 650
  (16-22kg) SI 650 660 720 700 790 650
MUTTON ($/hd) gross NI 111 111 112 97 113 97
(21.0kg MX1) SI 112 107 109 92 112 92
BEEF (c/kg)              
P2 steer NI 483 483 525 463 518 463
  (270-295kg) SI 438 431 463 437 497 431
M2 Bull NI

483

473

505 463 520 463
  (296-320kg) SI 403 406 442 418 483 402
Local Trade P2 NI 508 488 538 488 578 488
  (180-280kg) SI 470 480 510 490 550 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 318 324 336

468

501 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   958 863 729 843 1019 471
  Fine Xbrd (31.6-35.0)   256 245 301 290 550 200
  Coarse Xbrd (>35 mic)   227 186 220 257 364 182
 Merino   1208 1138 1303

2192

2550 1050
Lambs wool  (28-31 micron)   293 244 186

405

492 178
DAIRY ($/tonne)              
  Butter   7094 6,587

5,467

6,532 7,842 5,100
  Skim milk powder   4,436 4,511 3,987 4,535 4,696 3,872
  Wholemilk powder   5,000 4,702 4,326 4,737 5,001 4,223
  Cheese - cheddar   5,903 5,678 5,187 7,228 7,510 5,100
               
  Fonterra milk price   2019/20 final $7.14 2020/21 forecast $6.70 -$7.30*
  Fonterra dividend   2018/19 final $6.35 2019/20 final $0.05
  Fonterra wet share price     NZX FCG = $5.02
    * before retentions      

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