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Farm gate newsletter for July 18th 2021

News and analysis

LATEST MARKET PRICES

as July 18th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   38 -185 130   185 20
  SI   65 - 165 132   165 40
Prime NI   130 - 237 185   220 120
  SI   120 - 228 185   226 120
STEER (c/kg) 481-580 Lwt NI   277 -313 306   297 238
Prime SI   279 - 289 285   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 152 140 120 124 152 113
  SI 144 135 112 117 144 107
Local trade (c/kg) NI 860 800 690 710 860 650
  (16-22kg) SI 880 815 670 710 880 640
MUTTON ($/hd) gross NI 138 132 117 104 138 97
(21.0kg MX1) SI 141 136 113 99 141 92
BEEF (c/kg)              
P2 steer NI 578 540 498 508 578 483
  (270-295kg) SI 541 516 438 462 538 431
M2 Bull NI 555 535 488 520 555 473
  (296-320kg) SI 491 458 406 425 491 403
Local Trade P2 NI 558 558 508 548 578 488
  (180-280kg) SI 570 520 460 510 550 460
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)   765 526 958 737 958 471
  Fine Xbrd (31.6-35.0)   245 263 265 237 301 200
  Coarse Xbrd (>35 mic)   302 273 238 193 296 182
 Merino   1767 1767 1208

1252

2550 1040
Lambs wool  (28-31 micron)   283 279 295 204 308 178
DAIRY ($/tonne)              
  Butter   6,360 6,654 8,090 5,670 8,121 4,853
  Skim milk powder   4,460 4,842 4,716 4,109 4,787 3,868
  Wholemilk powder   5,513 5,767 5,721 4,893 6,093 4,223
 Cheese - cheddar   5,634 6,244 6,153 5,738 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 = $3.55
    * before retentions      

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