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Farm gate newsletter for September 18th 2022

News and analysis

LATEST MARKET PRICES

as September 18th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   52 - 168 126   147 72
  SI   50 - 162 137   148 96
Prime NI   121 -258 190   215 135
  SI   157 - 302 224   265 154
STEER (c/kg) 481-580 Lwt NI   319 - 370 355   358 254
Prime SI   301 - 365 342    347 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 165 162 155 162 165 135
  SI 160 159 154 156 160 129
Local trade (c/kg) NI 940 920 900 900 940 650
  (16-22kg) SI 960 940 900 920 960 640
MUTTON ($/hd) gross NI 135 135 131 144 149 107
(21.0kg MX1) SI 130 131 128 145 145 104
BEEF (c/kg)              
P2 steer NI 670 640 595 613 660 483
  (270-295kg) SI 623 613 586 564 618 431
M2 Bull NI 625 610 585 573 623 535
  (296-320kg) SI 553 548 531 529 597 457
Local Trade P2 NI 688 678 598 648 688 488
  (180-280kg) SI 660 640 600 620 660 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 506 500 480 403 506 332
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   615 629 640 681 830 526
  Fine Xbrd (31.6-35.0)   413 427 349 395 428 245
Coarse Xbrd (>35 mic)   310 315 301

282

320 254
Merino   1966 3120 1743 2520 3120 1148
Lambs wool  (28-31 micron)   273 288 272 285 345 258
DAIRY ($/tonne)              
  Butter   8,962 8,433 9,612 6,899 10,393 5,643
  Skim milk powder   5,967 5,711 6,716

4,688

6,891 4,292
  Wholemilk powder   6,026 5,537 6,586 5,302 6,979 4,292
 Cheese - cheddar   8,423 8,111 8,498 6,077 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 = $2.85
    * before retentions      

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