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Farm gate newsletter for July 11th 2021

News and analysis

LATEST MARKET PRICES

as July 11th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   30 -194 126   169 20
  SI   50 - 165 136   158 40
Prime NI   152 - 246 185   220 120
  SI   134 - 225 180   226 120
STEER (c/kg) 481-580 Lwt NI   265 -321 298   297 238
Prime SI   256 - 310 285   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 149 138 118 124 149 113
  SI 141 132 110 117 141 107
Local trade (c/kg) NI 800 800 690 710 800 650
  (16-22kg) SI 815 800 670 710 815 640
MUTTON ($/hd) gross NI 138 128 114 104 138 97
(21.0kg MX1) SI 141 132 112 100 141 92
BEEF (c/kg)              
P2 steer NI 578 530 493 518 578 483
  (270-295kg) SI 538 499 438 472 538 431
M2 Bull NI 555 525 483 520 555 473
  (296-320kg) SI 484 449 406 425 484 403
Local Trade P2 NI 558 538 508 548 578 488
  (180-280kg) SI 520 500 460 500 550 460
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)   580 689 958 726 958 471
  Fine Xbrd (31.6-35.0)   246 240 265 208 301 200
  Coarse Xbrd (>35 mic)   296 254 234 192 296 182
 Merino   1767 1465 1208

1252

2550 1040
Lambs wool  (28-31 micron)   279 243 295 257 308 178
DAIRY ($/tonne)              
  Butter   6,370 6,581 8,121 5,657 8,121 4,853
  Skim milk powder   4,467 4,792 4,603 4,100 4,787 3,868
  Wholemilk powder   5,522 5,699 6,083 4,882 6,093 4,223
 Cheese - cheddar   5,643 6,067 5,966 5,725 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 = $3.65
    * before retentions      

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