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Farm gate newsletter for October 16th 2021

News and analysis

LATEST MARKET PRICES

as October 16th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   111- 157 127   195 20
  SI   70 -176 146   194 40
Prime NI   141 -258 200   290 120
  SI   130 - 310 216   376 120
STEER (c/kg) 481-580 Lwt NI   284-362 339   339 238
Prime SI   273 - 350 328   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 163 162 152 125 163 113
  SI 159 156 144 118 159 107
Local trade (c/kg) NI 940 900 860 730 940 650
  (16-22kg) SI 940 910 880 720 940 640
MUTTON ($/hd) gross NI 144 138 138 105 144 97
(21.0kg MX1) SI 143 141 141 104 145 92
BEEF (c/kg)              
P2 steer NI 635 613 578 533 635 483
  (270-295kg) SI 607 564 541 486 607 431
M2 Bull NI 610 555 555 515 610 473
  (296-320kg) SI 597 519 491 451 597 403
Local Trade P2 NI 648 628 588 548 648 488
  (180-280kg) SI 620 630 570 530 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 419 399 332 384 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   830 681 765 636 958 471
  Fine Xbrd (31.6-35.0)   315 395 245

237

400 200
  Coarse Xbrd (>35 mic)   267 282 302 224 319 182
 Merino   1864 2520 1767 1453 2520 1040
Lambs wool  (28-31 micron)   285 285 283 255 308 178
DAIRY ($/tonne)              
  Butter   6,899 7,037 6,360 5,391 8,121 4,853
  Skim milk powder   4,688 4,657 4,460 4,460 4,787 3,868
  Wholemilk powder   5,302 5,250 5,513 5,213 6,093 4,223
 Cheese - cheddar   6,077 6,144 5,634 5,634 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 = $3.22
    * before retentions      

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