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Farm gate newsletter for August 7th 2022

News and analysis

LATEST MARKET PRICES

as August 7th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   50 - 205 128   147 72
  SI   50 -177 128   146 96
Prime NI   101 -229 165   215 135
  SI   140 - 250 195   265 154
STEER (c/kg) 481-580 Lwt NI   287 -331 308   339 254
Prime SI   303 -346 329    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 161 157 146 146 163 135
  SI 159 156 145 139 159 129
Local trade (c/kg) NI 920 900 850 800 940 650
  (16-22kg) SI 940 925 840 815 940 640
MUTTON ($/hd) gross NI 134 134 126 139 149 107
(21.0kg MX1) SI 132 131 119 143 145 104
BEEF (c/kg)              
P2 steer NI 625 605 585 583 635 483
  (270-295kg) SI 606 603 563 558 607 431
M2 Bull NI 600 588 585 555 610 535
  (296-320kg) SI 544 541 519 523 597 457
Local Trade P2 NI 648 608 598 598 648 488
  (180-280kg) SI 640 610 580 580 640 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 494 486 479 365 494 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   633 686 640 683 830 526
  Fine Xbrd (31.6-35.0)   420 359 333 282 420 245
Coarse Xbrd (>35 mic)   303 305 300

316

320 254
Merino   1760 1748 1703 2026 2520 1148
Lambs wool  (28-31 micron)   283 278 301 298 345 258
DAIRY ($/tonne)              
  Butter   8,324 9,129 9,064 6,547 10,393 5,643
  Skim milk powder   7,689 6,567 6,446

4,309

6,891 4,467
  Wholemilk powder   5,647 6,402 6,112 5,133 6,979 4,292
 Cheese - cheddar   5,696 7,933 8,822 6,368 9,557 5,696
               
  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