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Farm gate newsletter for July 3rd 2021

News and analysis

LATEST MARKET PRICES

as July 3rd -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   50 -185 140   169 20
  SI   40 - 153 118   158 40
Prime NI   120 - 218 175   220 120
  SI   143 - 305 200   226 120
STEER (c/kg) 481-580 Lwt NI   264 - 294 282   297 238
Prime SI   250 - 304 275   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 146 136 116 124 146 113
  SI 139 131 108 117 139 107
Local trade (c/kg) NI 800 770 680 700 800 650
  (16-22kg) SI 815 760 660 700 815 640
MUTTON ($/hd) gross NI 135 128 114 104 135 97
(21.0kg MX1) SI 139 129 112 100 139 92
BEEF (c/kg)              
P2 steer NI 560 518 483 513 560 483
  (270-295kg) SI 536 488 438 472 536 431
M2 Bull NI 540 513 483 515 540 473
  (296-320kg) SI 476 436 406 425 476 403
Local Trade P2 NI 558 528 508 538 578 488
  (180-280kg) SI 520 480 460 500 550 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 332 332 317 363 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   580 689 958 716 958 471
  Fine Xbrd (31.6-35.0)   265 234 265 206 301 200
  Coarse Xbrd (>35 mic)   289 248 247 194 289 182
 Merino   1767 1465 1208

1252

2550 1040
Lambs wool  (28-31 micron)   283 243 279 203 308 178
DAIRY ($/tonne)              
  Butter   6,564 6,505 8,053 5,523 8,121 4,853
  Skim milk powder   4,777 4,736 4,767 4,006 4,787 3,868
  Wholemilk powder   5,689 5,634 5,810 4,344 6,093 4,223
 Cheese - cheddar   6,160 5,997 6,048 5,575 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 = $3.72
    * before retentions      

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