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Farm gate newsletter for September 11th 2022

News and analysis

LATEST MARKET PRICES

as September 11th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   81 - 214 144   147 72
  SI   72 - 181 145   148 96
Prime NI   100 -261 181   215 135
  SI   100 - 300 200   265 154
STEER (c/kg) 481-580 Lwt NI   329 - 373 358   358 254
Prime SI   322 - 352 342    347 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 165 162 154 157 165 135
  SI 160 159 153 153 160 129
Local trade (c/kg) NI 940 920 900 940 940 650
  (16-22kg) SI 960 940 900 940 960 640
MUTTON ($/hd) gross NI 135 135 130 144 149 107
(21.0kg MX1) SI 130 131 127 144 145 104
BEEF (c/kg)              
P2 steer NI 660 635 605 595 660 483
  (270-295kg) SI 618 609 603 558 618 431
M2 Bull NI 610 605 585 555 610 535
  (296-320kg) SI 548 544 526 519 597 457
Local Trade P2 NI 688 648 598 628 688 488
  (180-280kg) SI 660 640 600 630 660 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 506 500 479 399 506 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   619 633 640 658 830 526
  Fine Xbrd (31.6-35.0)   425 428 349 355 428 245
Coarse Xbrd (>35 mic)   307 315 311

297

320 254
Merino   2623 1760 1743 1148 3120 1148
Lambs wool  (28-31 micron)   273 283 272 298 345 258
DAIRY ($/tonne)              
  Butter   8,796 8,324 9,536 7,042 10,393 5,643
  Skim milk powder   5,857 5,647 6,664

4,786

6,891 4,292
  Wholemilk powder   5,914 5,679 6,535 5,412 6,979 4,292
 Cheese - cheddar   8,267 7,689 8,432 6,203 9,557 5,696
               
  Fonterra milk price  

2021/22 forecast $9.10 -$9.50*

($9.30)

2022/23 forecast $8.50 -$10.00*($9.25)
  Fonterra dividend   2021/22 forecast $0.20 - $0.35 2022/23 forecast $0.45 -$0.60
      NZX FCG = $2.73
    * before retentions      

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