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Farm gate newsletter for May 21st 2022

News and analysis

LATEST MARKET PRICES

as May 21st 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   25 -174 114   147 76
  SI   40 - 157 130   143 71
Prime NI   137 -201 169    215 135
  SI   130 - 228 179   265 146
STEER (c/kg) 481-580 Lwt NI   261 - 306 283   339 238
Prime SI   265 - 311 292    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 148 146 148 134 163 113
  SI 148 143 145 127 159 106
Local trade (c/kg) NI 850   830 850 750 940 650
  (16-22kg) SI 850 830 840

750

940 640
MUTTON ($/hd) gross NI 126 125 127 124 149 107
(21.0kg MX1) SI 120 119 122 123 145 104
BEEF (c/kg)              
P2 steer NI 595 580 585 508 635 483
  (270-295kg) SI 566 559 581 468 607 431
M2 Bull NI 585 580 585 498 610 473
  (296-320kg) SI 523 516 524 416 597 403
Local Trade P2 NI 598 588 598 528 648 488
  (180-280kg) SI 580 590 610 470 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 479 474 330 479 316
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 640 631

838

958 471
  Fine Xbrd (31.6-35.0)   341 324 315 265 400 230
  Coarse Xbrd (>35 mic)   320 283 300 237 316 184
 Merino   1723 1678 1678 2133 2520 1040
Lambs wool  (28-31 micron)   300 296 318 233 345 200
DAIRY ($/tonne)              
  Butter   8,976 10,176 9,988 6,877 10,393 4,853
  Skim milk powder   6,425 6,791 6,416 4,810 6,718 3,868
  Wholemilk powder   6,141 6,692 6,727 5,753 6,979 4,223
 Cheese - cheddar   8,796 9,557 8,785 6,029 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 = $2.30
    * before retentions      

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