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Farm gate newsletter for May 23rd 2021

News and analysis

LATEST MARKET PRICES

as May 23rd -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   110 -125 117   177 70
  SI   105 -123 113   170 75
Prime NI   120 - 200 165   250 85
  SI   140 -215 180   286 95
STEER (c/kg) 481-580 Lwt NI   252 - 260 258   297 238
Prime SI    240 - 250 244   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 134 122 114 118 134 113
  SI 127 113 107 111 128 107
Local trade (c/kg) NI 750 690 650 670 750 650
  (16-22kg) SI 730 670 660 650 730 640
MUTTON ($/hd) gross NI 124 117 111 101 124 97
(21.0kg MX1) SI 123 113 112 94 121 92
BEEF (c/kg)              
P2 steer NI 508 498 483 478 540 483
  (270-295kg) SI 468 438 438 447 487 431
M2 Bull NI 498 488 483 475 530 473
  (296-320kg) SI 416 406 406 405 453 403
Local Trade P2 NI 528 518 508 488 578 488
  (180-280kg) SI 470 470 470 490 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 330 317 323

312

384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   839 958 957 805

958

471
  Fine Xbrd (31.6-35.0)   248 265 265 277 301 200
  Coarse Xbrd (>35 mic)   237 242 227 230

250

182
 Merino   2133 1208 1208 2550 2550 1040
Lambs wool  (28-31 micron)   233 295 248 288 308 178
DAIRY ($/tonne)              
  Butter   6,877 7,970 7,029 6,328 8,121 4,853
  Skim milk powder   4,810 4,676 4,395 4,181 4,787 3,868
  Wholemilk powder   5,753 5,693 4,954 4,391 6,093 4,223
 Cheese - cheddar   6,029 6,164 5,849 6,338 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 = $3.54
    * before retentions      

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