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Farm gate newsletter for June 6th 2021

News and analysis

LATEST MARKET PRICES

as June 6th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   106 -125 115   177 70
  SI   110 - 130 120   170 75
Prime NI   120 - 205 173   250 85
  SI   125 -183 180   286 95
STEER (c/kg) 481-580 Lwt NI   273 - 278 275   297 238
Prime SI    228 - 231 230   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 136 129 113 118 134 113
  SI 131 122 107 113 128 107
Local trade (c/kg) NI 770 720 650 700 750 650
  (16-22kg) SI 760 700 640 680 730 640
MUTTON ($/hd) gross NI 128 124 111 103 124 97
(21.0kg MX1) SI 129 119 112 98 121 92
BEEF (c/kg)              
P2 steer NI 518 503 483 490 540 483
  (270-295kg) SI 488 449 438 458 487 431
M2 Bull NI 513 493 483 490 530 473
  (296-320kg) SI 436 411 403 415 453 403
Local Trade P2 NI 528 528 508 518 578 488
  (180-280kg) SI 480 470 470 470 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 332 320 318 315 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   689 958 958 755 958 471
  Fine Xbrd (31.6-35.0)   236 265 265 213 301 200
  Coarse Xbrd (>35 mic)   248 231 234 204 250 182
 Merino   1465 1208 1208 2550 2550 1040
Lambs wool  (28-31 micron)   226 261 316 271 308 178
DAIRY ($/tonne)              
  Butter   6,505 6,918 8,135 5,580 8,121 4,853
  Skim milk powder   4,736 4,717 4,610 3,888 4,787 3,868
  Wholemilk powder   5,534 5,654 6,093 4,243 6,093 4,223
 Cheese - cheddar   5,997 5,872 5,976 5,410 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 = $3.33
    * before retentions      

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