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Farm gate newsletter for December 4th 2021

News and analysis

LATEST MARKET PRICES

as December 4th 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   47 -181 100   200 20
  SI   80 - 127 103   194 40
Prime NI   120 - 209 165   290 120
  SI   150 - 232 191   376 120
STEER (c/kg) 481-580 Lwt NI   260 - 335 310   353 238
Prime SI   281- 323 308   350 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 159 162 157 118 163 113
  SI 153 157 153 116 159 107
Local trade (c/kg) NI 940 940 900 700 940 650
  (16-22kg) SI 920 940 910 710 940 640
MUTTON ($/hd) gross NI 140 147 139 108 149 97
(21.0kg MX1) SI 136 143 143 107 145 92
BEEF (c/kg)              
P2 steer NI 618 635 595 515 635 483
  (270-295kg) SI 594 604 558 463 607 431
M2 Bull NI 600 610 555 505 610 473
  (296-320kg) SI 541 553 519 442 597 403
Local Trade P2 NI 638 648 628 528 648 488
  (180-280kg) SI 620 620 630 510 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 411 416 396 336 419 312
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   625 707 658 733 958 471
  Fine Xbrd (31.6-35.0)   302 272 355 223 400 200
  Coarse Xbrd (>35 mic)   282 261 315 209 319 182
 Merino   1581 1818 1148 1040 2520 1040
Lambs wool  (28-31 micron)   306 266 298 178 308 178
DAIRY ($/tonne)              
  Butter   8,200 7,133 6,845 5,655 8,200 4,853
  Skim milk powder   5,447 4,747

4,379

4,098 5,447 3,868
  Wholemilk powder   5,908 5,308 5,096 4,514 6,093 4,223
 Cheese - cheddar   7,649 6,177 6,003 5,297 7,649 5,100
               
  Fonterra milk price   2020/21 final $7.54 2021/22 forecast $8.40 -$9.00*($8.70)
  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 = $3.14
    * before retentions      

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