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Farm gate newsletter for October 24th 2021

News and analysis

LATEST MARKET PRICES

as October 24th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   59 -200 135   200 20
  SI   70 -171 142   194 40
Prime NI   141 -258 200   290 120
  SI   130 - 310 216   376 120
STEER (c/kg) 481-580 Lwt NI   174 - 268 221   339 238
Prime SI   164 -282 223   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 163 162 154 124 163 113
  SI 159 156 148 117 159 107
Local trade (c/kg) NI 940 900 880 730 940 650
  (16-22kg) SI 940 920 900 720 940 640
MUTTON ($/hd) gross NI 145 142 138 105 145 97
(21.0kg MX1) SI 144 145 143 106 145 92
BEEF (c/kg)              
P2 steer NI 635 613 578 525 635 483
  (270-295kg) SI 604 569 548 483 607 431
M2 Bull NI 610 573 506 510 610 473
  (296-320kg) SI 553 534 491 451 597 403
Local Trade P2 NI 648 628 598 538 648 488
  (180-280kg) SI 620 630 580 520 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 419 404 341 356 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   687 637 765 737 958 471
  Fine Xbrd (31.6-35.0)   265 400 246 257 400 200
  Coarse Xbrd (>35 mic)   267 282 307 239 319 182
 Merino   1912 1948 1767 1609 2520 1040
Lambs wool  (28-31 micron)   265 285 288 255 308 178
DAIRY ($/tonne)              
  Butter   7,154 6,930 6,332 5,498 8,121 4,853
  Skim milk powder   4,761 4,711 4,257 4,262 4,787 3,868
  Wholemilk powder   5,323 5,389 5,345 4,540 6,093 4,223
 Cheese - cheddar   6,195 6,098 5,763 5,685 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 = $3.10
    * before retentions      

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