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Farm gate newsletter for August 1st 2021

News and analysis

LATEST MARKET PRICES

as August 1st -2021

 

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   80 -178 136   185 20
  SI  

60 -160

132   165 40
Prime NI   140 -238 190   220 120
  SI   140 - 265 200   226 120
STEER (c/kg) 481-580 Lwt NI   280 -318 295   297 238
Prime SI   298 -316 304   297 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 156 146 125 125 156 113
  SI 151 139 118 117 151 107
Local trade (c/kg) NI 890 800 720 670 890 650
  (16-22kg) SI 900 815 700 650 900 640
MUTTON ($/hd) gross NI 139 135 119 105 139 97
(21.0kg MX1) SI 143 139 116 102 143 92
BEEF (c/kg)              
P2 steer NI 583 560 498 518 578 483
  (270-295kg) SI 554 529 443 475 548 431
M2 Bull NI 555 540 488 520 555 473
  (296-320kg) SI 513 476 409 425 513 403
Local Trade P2 NI 598 558 528 555 598 488
  (180-280kg) SI 580 520 470 520 580 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 361 332 317 363 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   683 580 958 723 958 471
  Fine Xbrd (31.6-35.0)   288 266 265 266 301 200
  Coarse Xbrd (>35 mic)   309 289 237 201 309 182
 Merino   2026 1767 1208

1252

2133 1040
Lambs wool  (28-31 micron)   308 283 266 258 308 178
DAIRY ($/tonne)              
  Butter   6,345 6,529 8,012 5,329 8,121 4,853
  Skim milk powder   4,266 4,751 4,700 4,042 4,787 3,868
  Wholemilk powder   5,355 5,658 5,723 4,854 6,093 4,223
 Cheese - cheddar   5,775 6,127 6,196 5,736 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 = $2.85
    * before retentions      

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