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Farm gate newsletter for June 25th 2022

News and analysis

LATEST MARKET PRICES

as June 25th 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   20 -170 125   147 72
  SI   40 -174 139   146 96
Prime NI   100 -225 163   215 135
  SI   100 -320 210   265 154
STEER (c/kg) 481-580 Lwt NI   216 - 305 278   339 254
Prime SI   292 -338 321    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 156 150 146 143 163 135
  SI 155 150 143 138 159 129
Local trade (c/kg) NI 900 850 850 800 940 650
  (16-22kg) SI 900 850 840 815 940 640
MUTTON ($/hd) gross NI 131 127 125 134 149 107
(21.0kg MX1) SI 129 124 119 138 145 104
BEEF (c/kg)              
P2 steer NI 595 595 580 550 635 483
  (270-295kg) SI 586 573 563 519 607 431
M2 Bull NI 585 585 585 540 610 535
  (296-320kg) SI 534 523 519 469 597 457
Local Trade P2 NI 598 598 598 558 648 488
  (180-280kg) SI 600 580 610 520 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 480 479 479 332 480 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   640 640 631 526 830 526
  Fine Xbrd (31.6-35.0)   349 349 326 286 400 245
Coarse Xbrd (>35 mic)   294 320 298 284 320 254
Merino   1743 1743 1678 1767 2520 1148
Lambs wool  (28-31 micron)   272 301 296 258 345 258
DAIRY ($/tonne)              
  Butter   9,834 8,796 9,999 6,529 10,393 5,643
  Skim milk powder   6,768 6,296 6,531 4,751 6,718 4,751
  Wholemilk powder   6,529 6,018 6,604 5,658 6,979 4,292
 Cheese - cheddar   7,716 8,620 9,214 6,127 9,557 6,127
               
  Fonterra milk price  

2021/22 forecast $9.10 -$9.50*

($9.30)

2022/23 forecast $8.75 -$10.25*($9.50)
  Fonterra dividend   2021/22 forecast $0.20 - $0.35 2022/23 forecast $0.30 -$0.45
      NZX FCG = $2.77
    * before retentions      

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