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Farm gate newsletter for July 25th 2021

News and analysis

LATEST MARKET PRICES

as July 25th -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   45 - 160 127   185 20
  SI   51 - 160 137   165 40
Prime NI   125 - 253 185   220 120
  SI   140 - 226 185   226 120
STEER (c/kg) 481-580 Lwt NI   261 -318 299   297 238
Prime SI   283 - 314 300   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 154 143 122 125 154 113
  SI 148 138 113 117 148 107
Local trade (c/kg) NI 880 800 710 710 880 650
  (16-22kg) SI 900 815 700 710 900 640
MUTTON ($/hd) gross NI 138 134 117 105 138 97
(21.0kg MX1) SI 143 138 113 100 143 92
BEEF (c/kg)              
P2 steer NI 578 550 498 518 578 483
  (270-295kg) SI 548 519 438 472 548 431
M2 Bull NI 555 540 488 520 555 473
  (296-320kg) SI 506 469 406 425 506 403
Local Trade P2 NI 588 558 518 548 588 488
  (180-280kg) SI 580 520 470 510 580 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 341 332 317 363 384 312
               
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)   245 286 265 266 301 200
  Coarse Xbrd (>35 mic)   307 284 242 200 307 182
 Merino   1767 1767 1208

1252

2133 1040
Lambs wool  (28-31 micron)   288 258 270 258 308 178
DAIRY ($/tonne)              
  Butter   6,332 6,529 7,970 5,318 8,121 4,853
  Skim milk powder   4,257 4,751 4,676 4,034 4,787 3,868
  Wholemilk powder   5,345 5,658 5,693 4,844 6,093 4,223
 Cheese - cheddar   5,763 6,127 6,164 5,724 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 = $3.30
    * before retentions      

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