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Farm gate newsletter for August 14th 2022

News and analysis

LATEST MARKET PRICES

as August 14th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   5 - 178 135   147 72
  SI   84-155 133   146 96
Prime NI   136-222 179   215 135
  SI   121- 268 195   265 154
STEER (c/kg) 481-580 Lwt NI   308- 358 339   339 254
Prime SI   313-349 337    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 162 159 148 149 163 135
  SI 159 157 147 142 159 129
Local trade (c/kg) NI 920 900 830 890 940 650
  (16-22kg) SI 940 930 830 900 940 640
MUTTON ($/hd) gross NI 135 130 126 139 149 107
(21.0kg MX1) SI 131 128 120 143 145 104
BEEF (c/kg)              
P2 steer NI 635 605 555 588 635 483
  (270-295kg) SI 609 603 566 561 607 431
M2 Bull NI 605 595 585 555 610 535
  (296-320kg) SI 544 541 523 523 597 457
Local Trade P2 NI 658 618 588 598 648 488
  (180-280kg) SI 640 620 590 600 640 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 500 486 479 374 494 332
               
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)   428 361 342 318 428 245
Coarse Xbrd (>35 mic)   315 289 310

313

320 254
Merino   1760 1760 1703 2026 2520 1148
Lambs wool  (28-31 micron)   283 278 301 298 345 258
DAIRY ($/tonne)              
  Butter   8,052 9,173 9,237 6,521 10,393 5,643
  Skim milk powder   5,463 6,599 6,569

4,292

6,891 4,292
  Wholemilk powder   5,494 6,433 6,229 5,113 6,979 4,292
 Cheese - cheddar   7,438 7,971 8,990 6,342 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 = $2.70
    * before retentions      

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