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Farm gate newsletter for July 17th 2022

News and analysis

LATEST MARKET PRICES

as July 17th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   40 -169 122   147 72
  SI   30 -165 130   146 96
Prime NI   100 -239 170   215 135
  SI   130 - 265 198   265 154
STEER (c/kg) 481-580 Lwt NI   280 -300 293   339 254
Prime SI   250 -348 298    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 159 155 146 152 163 135
  SI 157 154 143 144 159 129
Local trade (c/kg) NI 900 900 830 800 940 650
  (16-22kg) SI 930 900 830 815 940 640
MUTTON ($/hd) gross NI 134 126 125 138 149 107
(21.0kg MX1) SI 131 120 119 141 145 104
BEEF (c/kg)              
P2 steer NI 605 595 580 578 635 483
  (270-295kg) SI 603 586 559 541 607 431
M2 Bull NI 595 585 580 555 610 535
  (296-320kg) SI 541 531 516 491 597 457
Local Trade P2 NI 618 598 588 558 648 488
  (180-280kg) SI 620 600 590 520 630 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 486 480 479 332 482 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   634 640 631 765 830 526
  Fine Xbrd (31.6-35.0)   361 349 324 245 400 245
Coarse Xbrd (>35 mic)   297 318 290 289 320 254
Merino   1749 1743 1678 1767 2520 1148
Lambs wool  (28-31 micron)   278 273 296 283 345 258
DAIRY ($/tonne)              
  Butter   9,173 9,612 10,176 6,360 10,393 5,643
  Skim milk powder   6,599 6,716 6,791 4,460 6,891 4,467
  Wholemilk powder   6,433 6,586 6,692 5,513 6,979 4,292
 Cheese - cheddar   7,971 8,498 9,557 5,634 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 = $2.75
    * before retentions      

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