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Farm gate newsletter for October 23rd 2022

News and analysis

LATEST MARKET PRICES

as October 23rd 2022.

      price range     high (Av) low (av)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   68 - 140 125   147 72
  SI   90 - 170 120   148 96
Prime NI   116 -239 179   215 135
  SI   120 - 250 185   265 154
STEER (c/kg) 481-580 Lwt NI   292 - 336 310   358 254
Prime SI   270 - 345 325    347 223
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 163 166 159 163 166 135
  SI 157 160 157 158 160 129
Local trade (c/kg) NI 950 940 900 940 950 830
  (16-22kg) SI 950 960 930 940 960 830
MUTTON ($/hd) gross NI 133 135 134 145 149 125
(21.0kg MX1) SI 128 129 131 144 145 118
BEEF (c/kg)              
P2 steer NI 670 670 605 635 675 580
  (270-295kg) SI 633 626 603 604 633 559
M2 Bull NI 625 625 595 610 625 580
  (296-320kg) SI 556 553 541 593 597 416
Local Trade P2 NI 688 688 618 648 688 598
  (180-280kg) SI 660 660 620 620 660 580
VENISON ($/hd) gross              
  AP Stag 60kg NZ 528 507 486 419 528 411
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   592 615 592 687 830 588
  Fine Xbrd (31.6-35.0)   386 406 390 265 428 265
Coarse Xbrd (>35 mic)   315 309 294 267 320 254
Merino   1682 1967 1760 1912 3120 1581
Lambs wool  (28-31 micron)   290 273 278 265 327 265
DAIRY ($/tonne)              
  Butter   8,425 9,329 9,035 7,154 10,393 7,133
  Skim milk powder   5,644 6,178 6,500 4,761 6,891 4,747
  Wholemilk powder   5,941 6,502 6,337 5,323 6,979 4426
 Cheese - cheddar   8,282 8,965 7,852 6,195 9,557 6,195
               
  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 = $2.60
    * before retentions      

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