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Farm gate newsletter for May 15th 2022

News and analysis

LATEST MARKET PRICES

as May 15th 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   51 - 159 122   147 76
  SI   50 - 210 121   143 71
Prime NI   87 -183 135   215 135
  SI   130 - 224 177   265 146
STEER (c/kg) 481-580 Lwt NI   261 - 305 290   339 238
Prime SI   240 - 301 270    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 148 146 148 131 163 113
  SI 147 143 145 124 159 106
Local trade (c/kg) NI 850   830 850 750 940 650
  (16-22kg) SI 850 830 850

730

940 640
MUTTON ($/hd) gross NI 126 125 131 124 149 107
(21.0kg MX1) SI 120 119 126 121 145 104
BEEF (c/kg)              
P2 steer NI 595 580 585 503 635 483
  (270-295kg) SI 566 559 581 454 607 431
M2 Bull NI 585 580 585 493 610 473
  (296-320kg) SI 523 516 524 411 597 403
Local Trade P2 NI 598 588 598 528 648 488
  (180-280kg) SI 580 590 610 470 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 479 463 326 479 316
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 631 631

958

958 471
  Fine Xbrd (31.6-35.0)   341 324 315 265 400 230
  Coarse Xbrd (>35 mic)   310 283 300 300 316 184
 Merino   1723 1678 1678 1208 2520 1040
Lambs wool  (28-31 micron)   300 296 318 233 345 200
DAIRY ($/tonne)              
  Butter   9,237 10,066 9,573 6,949 10,393 4,853
  Skim milk powder   6,569 6,718 6,098 4,738 6,718 3,868
  Wholemilk powder   6,229 6,620 6,509 5,679 6,979 4,223
 Cheese - cheddar   8,990 9,454 8,556 5,898 9,557 5,100
               
  Fonterra milk price   2020/21 final $7.54 2021/22 forecast $9.10 -$9.50*($9.30)
  Fonterra dividend   2020/21 final $0.20 2021/22 forecast $0.25 -$0.35
      NZX FCG = $2.42
    * before retentions      

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