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Farm gate newsletter for June 12th 2021

News and analysis

LATEST MARKET PRICES

as June 12th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   20 - 169 126   169 20
  SI   40 - 158 132   158 40
Prime NI   125 - 214 175   220 120
  SI   125 - 220 183   226 120
STEER (c/kg) 481-580 Lwt NI   273 - 287 278   297 238
Prime SI    273 -280 277   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 136 131 113 120 136 113
  SI 132 124 107 116 132 107
Local trade (c/kg) NI 790 720 650 710 790 650
  (16-22kg) SI 790 700 640 710 790 640
MUTTON ($/hd) gross NI 128 124 111 104 128 97
(21.0kg MX1) SI 132 121 112 100 132 92
BEEF (c/kg)              
P2 steer NI 530 503 483 495 540 483
  (270-295kg) SI 499 454 438 458 499 431
M2 Bull NI 525 493 483 495 530 473
  (296-320kg) SI 449 411 403 418 453 403
Local Trade P2 NI 538 528 508 538 578 488
  (180-280kg) SI 500 470 470 500 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 332 326 317 362 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   689 958 958 738 958 471
  Fine Xbrd (31.6-35.0)   240 265 265 209 301 200
  Coarse Xbrd (>35 mic)   254 230 244 199 254 182
 Merino   1465 1208 1208

1252

2550 1040
Lambs wool  (28-31 micron)   243 233 287 229 308 178
DAIRY ($/tonne)              
  Butter   6,581 6,949 8,121 5,659 8,121 4,853
  Skim milk powder   4,792 4,738 4,603 3,929 4,787 3,868
  Wholemilk powder   5,699 5,679 6,083 4,288 6,093 4,223
 Cheese - cheddar   6,067 5,872 5,966 5,467 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 = $3.09
    * before retentions      

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