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Farm gate newsletter for March 4th 2023

News and analysis

LATEST MARKET PRICES

as March 4th  2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   49 -144 109   152 79
  SI   10 -127 96   148 81
Prime NI   96 - 180 138   215 108
  SI   98 -176 137   265 114
STEER (c/kg) 481-580 Lwt NI   298 - 338 304   355 263
Prime SI   265 -295  281    342 264
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX  NI 125 120 139 148 166 120
  SI 115 112 131 144 163 111
Local trade (c/kg) NI 720 720 830 850 870 720
  (16-22kg) SI 700 700 830 840 870 700
MUTTON ($/hd) gross NI 91 81 98 127 135 81
(21.0kg MX1) SI 81 75 88 121 131 74
BEEF (c/kg)              
P2 steer NI 580 558 603 585 670 558
  (270-295kg) SI 506 508 583 566 633 498
M2 Bull NI 553 528 565 585 625 523
  (296-320kg) SI 461 461 519 523 556 461
Local Trade P2 NI 598 598 638 598 658 598
  (180-280kg) SI 550 560 610 610 630 550
VENISON ($/hd) gross              
  AP Stag 60kg NZ 531 534 536 479 537 474
               
WOOL indicator auction prices (c/kg, clean) Av          
  Mid mic (23.1-31.5)   732 732 732 631 766 588
  Fine Xbrd (31.6-35.0)   341 385 380 321 428 323
Coarse Xbrd (>35 mic)   291 270 275 310 320 254
Merino   1335 1335 1335 1678 3120 1335
Lambs wool  (28-31 micron)   290 309 290 330 345 272
DAIRY ($/tonne)              
  Butter   7,925 7,001 7,534 10,329 10,396 7,335
  Skim milk powder   4,458 4,472 4,769 6,532 6,891 4,379
  Wholemilk powder   5,255 5,064 5,300 6,934 6,979 4,690
 Cheese - cheddar   8,189 7,665 7,404 9,321 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 = $2.56
    * before retentions      

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