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Farm gate newsletter for October 16th 2022

News and analysis

LATEST MARKET PRICES

as October 16th 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   68 - 166 127   147 72
  SI   20 - 170 118   148 96
Prime NI   110 -248 179   215 135
  SI   135 - 244 190   265 154
STEER (c/kg) 481-580 Lwt NI   291 - 336 311   358 254
Prime SI   273 - 337 321    347 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 164 165 159 163 166 135
  SI 159 160 157 159 160 129
Local trade (c/kg) NI 950 940 900 940 950 830
  (16-22kg) SI 960 960 930 940 960 830
MUTTON ($/hd) gross NI 134 135 134 144 149 125
(21.0kg MX1) SI 129 130 131 145 145 118
BEEF (c/kg)              
P2 steer NI 675 670 605 635 675 580
  (270-295kg) SI 633 623 603 607 633 559
M2 Bull NI 625 625 595 610 625 580
  (296-320kg) SI 556 553 541 597 597 416
Local Trade P2 NI 688 688 618 645 688 598
  (180-280kg) SI 660 660 620 620 660 580
VENISON ($/hd) gross              
  AP Stag 60kg NZ 524 506 486 419 524 411
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   592 615 686 830 830 588
  Fine Xbrd (31.6-35.0)   391 413 361 315 428 265
Coarse Xbrd (>35 mic)   311 310 289 267 320 254
Merino   1682 1967 1749 1866 3120 1581
Lambs wool  (28-31 micron)   290 273 278 285 327 265
DAIRY ($/tonne)              
  Butter   8,961 8,962 8,433 6,899 10,393 5,643
  Skim milk powder   6,288 5,967 5,711 4,688 6,891 4,292
  Wholemilk powder   6,425 6,026 5,537 5,302 6,979 4,292
 Cheese - cheddar   8,930 8,423 8,111 6,077 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 = $2.68
    * before retentions      

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