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Farm gate newsletter for October 9th 2022

News and analysis

LATEST MARKET PRICES

as October 9th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   66 - 196 152   147 72
  SI   70 - 156 126   148 96
Prime NI   90 -280 185   215 135
  SI   140 - 264 202   265 154
STEER (c/kg) 481-580 Lwt NI   334 - 372 362   358 254
Prime SI   272 - 352 332    347 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 166 165 159 163 166 135
  SI 160 160 157 159 160 129
Local trade (c/kg) NI 950 940 900 940 950 830
  (16-22kg) SI 960 960 925 940 960 830
MUTTON ($/hd) gross NI 135 135 134 147 149 125
(21.0kg MX1) SI 129 130 131 143 145 118
BEEF (c/kg)              
P2 steer NI 675 660 605 613 675 580
  (270-295kg) SI 633 618 603 597 633 559
M2 Bull NI 625 610 588 595 625 580
  (296-320kg) SI 556 548 541 587 597 416
Local Trade P2 NI 688 688 618 648 688 598
  (180-280kg) SI 660 660 620 630 660 580
VENISON ($/hd) gross              
  AP Stag 60kg NZ 518 506 486 419 518 411
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   588 619 686 830 830 588
  Fine Xbrd (31.6-35.0)   402 425 359 365 428 265
Coarse Xbrd (>35 mic)   310 307 305 276 320 254
Merino   1999 2623 1748 1865 3120 1581
Lambs wool  (28-31 micron)  

290

273 278 285 327 265
DAIRY ($/tonne)              
  Butter   8,890 8,796 9,129 7,042 10,393 5,643
  Skim milk powder   6,239 5,857 6,567 4,786 6,891 4,292
  Wholemilk powder   6,375 5,914 6,402 5,412 6,979 4,292
 Cheese - cheddar   8,860 8,267 7,933 6,203 9,557 5,696
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $8.50 -$10.00*($9.25)
  Fonterra dividend   2021/22 final payout $0.20  2022/23 forecast $0.45 -$0.60
      NZX FCG = $2.67
    * before retentions      

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