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Farm gate newsletter for August 22nd 2021

News and analysis

LATEST MARKET PRICES

as August 22nd 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   80 -157 142   195 20
  SI   40 - 194 142   194 40
Prime NI   157 -255 206   290 120
  SI  

138 - 260

224   226 120
STEER (c/kg) 481-580 Lwt NI   283 - 330 301   338 238
Prime SI   278 - 345 312   341 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 157 154 134 124 157 113
  SI 153 148 127 116 153 107
Local trade (c/kg) NI 900 880 750 730 900 650
  (16-22kg) SI 910 900 750 730 910 640
MUTTON ($/hd) gross NI 139 138 124 105 139 97
(21.0kg MX1) SI 143 143 123 101 143 92
BEEF (c/kg)              
P2 steer NI 588 578 508 533 588 483
  (270-295kg) SI 561 548 468 483 561 431
M2 Bull NI 555 555 493 520 555 473
  (296-320kg) SI 523 506 411 455 523 403
Local Trade P2 NI 608 598 528 578 608 488
  (180-280kg) SI 610 580 470 550 610 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 383 341 330 374 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   658 765 838 550 958 471
  Fine Xbrd (31.6-35.0)   355 282 248 227 355 200
  Coarse Xbrd (>35 mic)   315 302 236 206 319 182
 Merino   1148 1767 2133

1190

2133 1040
Lambs wool  (28-31 micron)   298 288 238 241 308 178
DAIRY ($/tonne)              
  Butter   6,985 6,360 6,877 5,153 8,121 4,853
  Skim milk powder   4,469 4,460 4,810 3,988 4,787 3,868
  Wholemilk powder   5,201 5,513 5,753 4,489 6,093 4,223
 Cheese - cheddar   6,126 5,634 6,029 5,263 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 = $3.01
    * before retentions      

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