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Farm gate newsletter for October 10th 2021

News and analysis

LATEST MARKET PRICES

as October 10th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   65 - 190 147   195 20
  SI   60 -181 138   194 40
Prime NI   195 -258 227   290 120
  SI   170 - 356 263   376 120
STEER (c/kg) 481-580 Lwt NI   300 - 335 323   338 238
Prime SI   293 - 350 326   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 163 157 149 125 163 113
  SI 159 153 142 118 159 107
Local trade (c/kg) NI 940 900 800 730 940 650
  (16-22kg) SI 940 910 815 720 940 640
MUTTON ($/hd) gross NI 144 139 138 105 144 97
(21.0kg MX1) SI 143 143 141 105 145 92
BEEF (c/kg)              
P2 steer NI 613 595 578 533 613 483
  (270-295kg) SI 597 558 538 486 597 431
M2 Bull NI 595 555 555 530 595 473
  (296-320kg) SI 587 519 484 453 587 403
Local Trade P2 NI 645 628 558 548 635 488
  (180-280kg) SI 620 630 520 530 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 419 399 332 381 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   830 658 580 525 958 471
  Fine Xbrd (31.6-35.0)   365 355 245 215 400 200
  Coarse Xbrd (>35 mic)   276 297 296 209 319 182
 Merino   1864 1148 1767 1453 2520 1040
Lambs wool  (28-31 micron)   285 298 283 190 308 178
DAIRY ($/tonne)              
  Butter   7,009 6,969 6,370 5,342 8,121 4,853
  Skim milk powder   4,786 4,611 4,467 4,298 4,787 3,868
  Wholemilk powder   5,415 5,199 5,522 4,562 6,093 4,223
 Cheese - cheddar   6,203 6,085 5,643 5,542 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 = $3.36
    * before retentions      

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