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Farm gate newsletter for October 3rd 2021

News and analysis

LATEST MARKET PRICES

as October 3rd 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   40 0 174 144   195 20
  SI   65 - 169 138   194 40
Prime NI   168-266 217   290 120
  SI   155 - 376 266   376 120
STEER (c/kg) 481-580 Lwt NI   320 - 331 326   338 238
Prime SI   254 - 336 313   341 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 163 157 146 125 163 113
  SI 159 153 139 118 159 107
Local trade (c/kg) NI 900 900 800 730 900 650
  (16-22kg) SI 920 910 815 730 920 640
MUTTON ($/hd) gross NI 142 139 135 105 142 97
(21.0kg MX1) SI 143 143 139 104 145 92
BEEF (c/kg)              
P2 steer NI 613 595 560 533 613 483
  (270-295kg) SI 592 558 529 486 592 431
M2 Bull NI 590 555 540 520 590 473
  (296-320kg) SI 587 519 476 453 587 403
Local Trade P2 NI 635 628 558 560 635 488
  (180-280kg) SI 620 630 520 540 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 408 396 332 383 408 312
               
WOOL indicator auction prices (c/kg, clean) SI          
  Mid mic (23.1-31.5)   637 658 580 601 958 471
  Fine Xbrd (31.6-35.0)   365 355 266 217 400 200
  Coarse Xbrd (>35 mic)   277 315 289 202 319 182
 Merino   1948 1148 1767 1234 2520 1040
Lambs wool  (28-31 micron)   285 298 283 190 308 178
DAIRY ($/tonne)              
  Butter   7,009 6,845 6,564 4,944 8,121 4,853
  Skim milk powder   4,765 4,379 4,777 4,067 4,787 3,868
  Wholemilk powder   5,450 5,096 5,689 4,387 6,093 4,223
 Cheese - cheddar   6,167 6,003 6,160 5,535 6,935 5,100
               
  Fonterra milk price   2020/21 final $7.54 2021/22 forecast $7.25 -$8.75*($8.00)
  Fonterra dividend   2020/21 final $0.20 2021/22 forecast $0.25 -$0.40
  Fonterra wet share price   2021-22 forecast $7.25 - $8.75 ($8.00) NZX FCG = $3.37
    * before retentions      

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