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Farm gate newsletter for May 28th 2022

News and analysis

LATEST MARKET PRICES

as May 28th 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   35 -178 128   147 72
  SI   75 - 177 134   146 96
Prime NI   110 -219 160    215 135
  SI   134 - 252 193   265

154

STEER (c/kg) 481-580 Lwt NI   275 - 288 280   339 254
Prime SI   229 - 318 296    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 150 146 148 135 163 135
  SI 150 143 144 129 159 129
Local trade (c/kg) NI 850   850 850 770 940 650
  (16-22kg) SI 870 840 840

760

940 640
MUTTON ($/hd) gross NI 127 125 127 127 149 107
(21.0kg MX1) SI 124 119 121 127 145 104
BEEF (c/kg)              
P2 steer NI 595 580 585 518 635 483
  (270-295kg) SI 573 559 569 483 607 431
M2 Bull NI 585 580 585 508 610 473
  (296-320kg) SI 523 516 523 428 597 403
Local Trade P2 NI 598 588 598 528 648 488
  (180-280kg) SI 580 590 610 470 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 479 478 332 479 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 640 631

839

958 471
  Fine Xbrd (31.6-35.0)   349 330 317 232 400 230
  Coarse Xbrd (>35 mic)   320 291 307 242 316 184
 Merino  

1743

1678 1678 2133 2520 1040
Lambs wool  (28-31 micron)   300 300 332 239 345 200
DAIRY ($/tonne)              
  Butter   8,796 10,255 9,916 6,803 10,393 4,853
  Skim milk powder   6,296 6,808 6,370 4,758 6,718 3,868
  Wholemilk powder   6,018 6,497 6,678 5,691 6,979 4,223
 Cheese - cheddar   8,620 9,552 8,722 5,964 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 = $2.28
    * before retentions      

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