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Farm gate newsletter for May 30th 2021

News and analysis

LATEST MARKET PRICES

as May 30th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   117 -135 127   177 70
  SI   80 - 135 122   170 75
Prime NI   126 - 203 170   250 85
  SI   125 -210 185   286 95
STEER (c/kg) 481-580 Lwt NI   255 - 270 263   297 238
Prime SI    230 - 260 248   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 135 125 114 118 134 113
  SI 129 118 107 112 128 107
Local trade (c/kg) NI 750 710 650 680 750 650
  (16-22kg) SI 750 700 650 670 730 640
MUTTON ($/hd) gross NI 127 119 111 102 124 97
(21.0kg MX1) SI 127 116 112 96 121 92
BEEF (c/kg)              
P2 steer NI 518 498 483 483 540 483
  (270-295kg) SI 483 443 438 455 487 431
M2 Bull NI 508 488 483 480 530 473
  (296-320kg) SI 428 409 403 411 453 403
Local Trade P2 NI 528 518 508 498 578 488
  (180-280kg) SI 470 470 470 470 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 332 317 318

314

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)   232 265 265 245 301 200
  Coarse Xbrd (>35 mic)   242 237 234 210

250

182
 Merino   2133 1208 1208 2550 2550 1040
Lambs wool  (28-31 micron)   239 237 234 210 308 178
DAIRY ($/tonne)              
  Butter   6,803 8,012 7,094 6,142 8,121 4,853
  Skim milk powder   4,758 4,700 4,436 4,117 4,787 3,868
  Wholemilk powder   5,691 5,723 5,000 4,323 6,093 4,223
 Cheese - cheddar   5,964 6,194 5,903 6,240 6,935 5,100
               
  Fonterra milk price   2019/20 final $7.14 2020/21 forecast $7.45 -$7.65*($7.55)
  Fonterra dividend   2019/20 final $0.05 2020/21 final $0.30
  Fonterra wet share price   2021-22 forecast $7.25 - $8.75 ($8.00) NZX FCG = $3.39
    * before retentions      

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