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Farm gate newsletter for February 25th 2022

News and analysis

LATEST MARKET PRICES

as February 25th  2022.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   61 -204 110   152 79
  SI   39 -120 83   148 81
Prime NI   75 -181 128   215 108
  SI   110 -160 135   265 114
STEER (c/kg) 481-580 Lwt NI   301 -309 304   355 263
Prime SI   260 -287  273    342 264
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX  NI 122 120 143 146 166 120
  SI 113 113 138 144 163 111
Local trade (c/kg) NI 720 720 830 850 870 720
  (16-22kg) SI 700 700 830 840 870 700
MUTTON ($/hd) gross NI 88 81 102 127 135 81
(21.0kg MX1) SI 79 74 96 121 131 74
BEEF (c/kg)              
P2 steer NI 575 558 618 585 670 558
  (270-295kg) SI

506

514 596 569 633 498
M2 Bull NI 553 523 580 585 625 523
  (296-320kg) SI 461 461 524 523 556 461
Local Trade P2 NI 598 598 638 658 658 598
  (180-280kg) SI 550 560 610 630 630 550
VENISON ($/hd) gross              
  AP Stag 60kg NZ 531 534 539 478 537 474
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   732 732 766 631 766 588
  Fine Xbrd (31.6-35.0)   385 385 380 317 428 315
Coarse Xbrd (>35 mic)   282 264 282

307

320 254
Merino   1335 1335 1598 1678 3120 1335
Lambs wool  (28-31 micron)   320 309 298 332 345 272
DAIRY ($/tonne)              
  Butter   7,986 6,855 7,728 9,916 10,396 7,335
  Skim milk powder   4,493 4,379 4,892 6,370 6,891 4,379
  Wholemilk powder   5,296 4,958 5,436 6,678 6,979 4,690
 Cheese - cheddar   8,252 7,505 7,595 8,722 9,557 7334
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $8.20 -$8.80*($8.50)
  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 »