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Farm gate newsletter for May 16th 2021

News and analysis

LATEST MARKET PRICES

as May 16th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   94 -116 106   177 70
  SI   90 - 120 101   170 75
Prime NI   120 - 194 152   250 85
  SI   120 -205 175   286 95
STEER (c/kg) 481-580 Lwt NI   187 - 262 238   336 240
Prime SI    222 - 235 231   341 191
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 131 120 113 117 132 113
  SI 124 112 107 110 128 107
Local trade (c/kg) NI 750 690 650 670 750 650
  (16-22kg) SI 720 670 660 650 720 640
MUTTON ($/hd) gross NI 124 117 111 100 124 97
(21.0kg MX1) SI 121 113 112 93 121 92
BEEF (c/kg)              
P2 steer NI 503 500 483 473 530 483
  (270-295kg) SI 454 438 438 440 451 431
M2 Bull NI 493 488 483 475 520 473
  (296-320kg) SI 411 406 406 405 483 403
Local Trade P2 NI 528 508 498 488 578 488
  (180-280kg) SI 470 460 470 470 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 326 317 320

315

384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   958 958 863 805

958

471
  Fine Xbrd (31.6-35.0)   265 265 256 277 301 200
  Coarse Xbrd (>35 mic)   231 238 209 251

261

182
 Merino   1208 1208 1138 2550 2550 1040
Lambs wool  (28-31 micron)   233 295 248 288 308 178
DAIRY ($/tonne)              
  Butter   6,949 8,090 6,969 6,517 8,121 4,853
  Skim milk powder   4,738 4,716 4,431 3,999 4,787 3,868
  Wholemilk powder   5,679 5,721 4,791 4,626 6,093 4,223
 Cheese - cheddar   5,898 6,153 5,788 6,935 6,935 5,100
               
  Fonterra milk price   2019/20 final $7.14 2020/21 forecast $7.30-$7.90*
  Fonterra dividend   2019/20 final $0.05 2020/21 final $0.30
  Fonterra wet share price     NZX FCG = $3.85
    * before retentions      

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