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Farm gate newsletter for November 14th 2021

News and analysis

LATEST MARKET PRICES

as November 14th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   78 -174 125   200 20
  SI   90 -135 143   194 40
Prime NI   140 -246 193   290 120
  SI   150 - 233 192   376 120
STEER (c/kg) 481-580 Lwt NI   313 - 354 333   342 238
Prime SI   315 - 346 337   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 162 163 157 124 163 113
  SI 157 159 153 118 159 107
Local trade (c/kg) NI 940 900 890 730 940 650
  (16-22kg) SI 940 920 900 720 940 640
MUTTON ($/hd) gross NI 146 144 139 108 149 97
(21.0kg MX1) SI 143 143 143 108 145 92
BEEF (c/kg)              
P2 steer NI 630 635 588 525 635 483
  (270-295kg) SI 604 607 561 476 607 431
M2 Bull NI 610 610 555 510 610 473
  (296-320kg) SI 553 597 523 451 597 403
Local Trade P2 NI 648 645 598 538 648 488
  (180-280kg) SI 630 620 580 510 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 416 419 374 341 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   707 830 658 790 958 471
  Fine Xbrd (31.6-35.0)   276 315 336 279 400 200
  Coarse Xbrd (>35 mic)   265 267 313 232 319 182
 Merino   1819 1866 1148 1526 2520 1040
Lambs wool  (28-31 micron)   266 285 298 283 308 178
DAIRY ($/tonne)              
  Butter   7,596 7,042 6,547 5,585 8,121 4,853
  Skim milk powder   5,150 4,786 4,309 3,977 5,150 3,868
  Wholemilk powder   5,567 5,412 5,133 4,361 6,093 4,223
 Cheese - cheddar   7,182 6,203 6,368 5,532 7,182 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