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Farm gate newsletter for June 12th 2022

News and analysis

LATEST MARKET PRICES

as June 12th 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   11 -180 123   147 72
  SI   40 - 178 140   146 96
Prime NI   116 -236 174   215 135
  SI   145 - 261 203   265

154

STEER (c/kg) 481-580 Lwt NI   258 - 302 290   339 254
Prime SI   306 - 330 316    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 151 148 146 138 163 135
  SI 153 147 144 132 159 129
Local trade (c/kg) NI 860   850 850 800 940 650
  (16-22kg) SI 880 840 840

800

940 640
MUTTON ($/hd) gross NI 130 126 126 128 149 107
(21.0kg MX1) SI 127 120 120 132 145 104
BEEF (c/kg)              
P2 steer NI 595 595 585 530 635 483
  (270-295kg) SI 579 566 566 499 607 431
M2 Bull NI 585 585 585 525 610 473
  (296-320kg) SI 526 523 523 449 597 403
Local Trade P2 NI 598 598 598 538 648 488
  (180-280kg) SI 600 580 610 500 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 479 479 332 479 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 640 631

689

958 471
  Fine Xbrd (31.6-35.0)   349 342 324 240 400 230
  Coarse Xbrd (>35 mic)   311 310 310 254 316 184
 Merino  

1743

1723 1678 1465 2520 1040
Lambs wool  (28-31 micron)   272 300 332 243 345 200
DAIRY ($/tonne)              
  Butter   9,536 9,237 10,396 6,581 10,393 4,853
  Skim milk powder   6,664 6,569 6,574 4,792 6,718 3,868
  Wholemilk powder   6,535 6,229 6,979 5,699 6,979 4,223
 Cheese - cheddar   8,432 8,990 9,381 6,067 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 = $2.77
    * before retentions      

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