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Farm gate newsletter for July 3rd 2022

News and analysis

LATEST MARKET PRICES

as July 3rd 2022

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   5 -216 121   147 72
  SI   30 -176 141   146 96
Prime NI   120 -214 167   215 135
  SI   120 -338 229   265 154
STEER (c/kg) 481-580 Lwt NI   260 -300 293   339 254
Prime SI   250 -332 314    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 157 153 146 146 163 135
  SI 156 151 143 139 159 129
Local trade (c/kg) NI 900 850 830 800 940 650
  (16-22kg) SI 925 870 830 815 940 640
MUTTON ($/hd) gross NI 133 128 125 135 149 107
(21.0kg MX1) SI 131 124 119 139 145 104
BEEF (c/kg)              
P2 steer NI 595 595 580 560 635 483
  (270-295kg) SI 593 579 559 529 607 431
M2 Bull NI 585 585 580 540 610 535
  (296-320kg) SI 534 526 516 476 597 457
Local Trade P2 NI 608 598 588 558 648 488
  (180-280kg) SI 610 600 590 520 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 482 479 479 332 482 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   634 640 631 580 830 526
  Fine Xbrd (31.6-35.0)   356 350 326 266 400 245
Coarse Xbrd (>35 mic)   297 318 290 289 320 254
Merino   1748 1743 1678 1767 2520 1148
Lambs wool  (28-31 micron)   278 298 296 283 345 258
DAIRY ($/tonne)              
  Butter   10,013 8,839 10,054 6,564 10,393 5,643
  Skim milk powder   6,891 6,327 6,567 4,777 6,891 4,751
  Wholemilk powder   6,648 6,048 6,641 5,689 6,979 4,292
 Cheese - cheddar   7,857 8,663 9,265 6,160 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 = $2.92
    * before retentions      

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