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Farm gate newsletter for November 7th 2021

News and analysis

LATEST MARKET PRICES

as November 7th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   80 -187 145   200 20
  SI   80 -150 129   194 40
Prime NI   140 -250 195   290 120
  SI   140 - 302 221   376 120
STEER (c/kg) 481-580 Lwt NI   276 - 376 342   342 238
Prime SI   271 - 358 338   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 162 163 157 124 163 113
  SI 157 159 152 117 159 107
Local trade (c/kg) NI 940 900 890 730 940 650
  (16-22kg) SI 940 920 900 720 940 640
MUTTON ($/hd) gross NI 147 144 139 106 149 97
(21.0kg MX1) SI 143 143 143 107 145 92
BEEF (c/kg)              
P2 steer NI 635 613 583 525 635 483
  (270-295kg) SI 604 597 558 478 607 431
M2 Bull NI 610 595 555 510 610 473
  (296-320kg) SI 553 587 523 451 597 403
Local Trade P2 NI 648 645 598 538 648 488
  (180-280kg) SI 620 620 580 510 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 416 419 365 345 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   707 830 683 790 958 471
  Fine Xbrd (31.6-35.0)   272 365 318 263 400 200
  Coarse Xbrd (>35 mic)   261 276 316 242 319 182
 Merino   1819 1866 2026 1526 2520 1040
Lambs wool  (28-31 micron)   266 285 298 235 308 178
DAIRY ($/tonne)              
  Butter   7,520 7,042 6,969 5,643 8,121 4,853
  Skim milk powder   5,098 4,786 4,611 4,019 4,787 3,868
  Wholemilk powder   5,512 5,412 5,199 4,407 6,093 4,223
 Cheese - cheddar   7,110 6,203 6,085 5,590 6,935 5,100
               
  Fonterra milk price   2020/21 final $7.54 2021/22 forecast $7.90 -$8.90*($8.40)
  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 = $3.20
    * before retentions      

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