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Farm gate newsletter for May 7th 2022

News and analysis

LATEST MARKET PRICES

as May 7th 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   30 - 163 117   147 76
  SI   40 - 135 114   143 71
Prime NI   130 - 181 156   215 137
  SI   110 - 210 160   265 146
STEER (c/kg) 481-580 Lwt NI   266 - 302 279   339 238
Prime SI   200 - 296 267    338 223
               
    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 146 146 150 129 163 113
  SI 145 143 145 122 159 106
Local trade (c/kg) NI 850   830 860 750 940 650
  (16-22kg) SI 840 830 860

720

940 640
MUTTON ($/hd) gross NI 126 125 129 124 149 107
(21.0kg MX1) SI 119 119 123 119 145 104
BEEF (c/kg)              
P2 steer NI 585 580 590 523 635 483
  (270-295kg) SI 563 559 584 449 607 431
M2 Bull NI 585 580 590 493 610 473
  (296-320kg) SI 519 516 528 411 597 403
Local Trade P2 NI 598 588 598 528 648 488
  (180-280kg) SI 580 590 610 470 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 479 449 320 479 316
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 631 625

958

958 471
  Fine Xbrd (31.6-35.0)   333 324 312 265 400 230
  Coarse Xbrd (>35 mic)   300 287 280 231 316 184
 Merino   1703 1678 1581 1208 2520 1040
Lambs wool  (28-31 micron)   300 296 319 261 345 200
DAIRY ($/tonne)              
  Butter   9,064 10,066 9,587 6,918 10,393 4,853
  Skim milk powder   6,446 6,718 6,107 4,717 6,718 3,868
  Wholemilk powder   6,112 6,620 6,519 5,654 6,979 4,223
 Cheese - cheddar   8,822 9,454 8,569 5,872 9,557 5,100
               
  Fonterra milk price   2020/21 final $7.54 2021/22 forecast $9.30 -$9.90*($9.60)
  Fonterra dividend   2020/21 final $0.20 2021/22 forecast $0.25 -$0.35
      NZX FCG = $2.49
    * before retentions      

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