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Farm gate newsletter for August 21st 2022

News and analysis

LATEST MARKET PRICES

as August 21st 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   52 - 155 127   147 72
  SI   80 - 197 141   146 96
Prime NI   127 - 248 188   215 135
  SI   120 - 300 210   265 154
STEER (c/kg) 481-580 Lwt NI   235 -358 317   339 254
Prime SI   302 - 370 332    338 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 162 160 148 157 163 135
  SI 159 158 148 153 159 129
Local trade (c/kg) NI 920 900 850 900 940 650
  (16-22kg) SI 940 930 850 910 940 640
MUTTON ($/hd) gross NI 135 134 126 139 149 107
(21.0kg MX1) SI 131 131 120 143 145 104
BEEF (c/kg)              
P2 steer NI 640 605 595 588 635 483
  (270-295kg) SI 613 603 566 561 607 431
M2 Bull NI 610 595 585 555 610 535
  (296-320kg) SI 548 541 523 523 597 457
Local Trade P2 NI 658 618 598 608 648 488
  (180-280kg) SI 640 620 580 610 640 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 500 486 479 383 500 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   629 592 640 658 830 526
  Fine Xbrd (31.6-35.0)   427 390 346 355 428 245
Coarse Xbrd (>35 mic)   315 294 320

315

320 254
Merino   3120 1760 1743 1148 3120 1148
Lambs wool  (28-31 micron)   288 278 301 298 345 258
DAIRY ($/tonne)              
  Butter   8,433 9,035 8,976 6,985 10,393 5,643
  Skim milk powder   5,711 6,500 6,425

4,469

6,891 4,292
  Wholemilk powder   5,537 6,337 6,141 5,201 6,979 4,292
 Cheese - cheddar   8,111 7,852 8,796 6,126 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