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Farm gate newsletter for March 19th 2023

News and analysis

LATEST MARKET PRICES

as March 19th  2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   48 -139 101   152 79
  SI   35 -129 104   148 81
Prime NI   88 - 189 139   215 108
  SI   90 -193 142   265 114
STEER (c/kg) 481-580 Lwt NI   288 - 304 298   355 263
Prime SI   190 -297  259    342 259
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX  NI 125 122 132 146 166 120
  SI 119 111 124 144 163 111
Local trade (c/kg) NI 730 720 800 850 870 720
  (16-22kg) SI 720 700 800 840 870 700
MUTTON ($/hd) gross NI 91 87 93 127 135 81
(21.0kg MX1) SI 83 73 84 122 131 74
BEEF (c/kg)              
P2 steer NI 580 575 588 585 670 558
  (270-295kg) SI 513 498 563 566 633 498
M2 Bull NI 553 553 555 585 625 523
  (296-320kg) SI 468 461 509 523 556 461
Local Trade P2 NI 598 598 628 598 658 598
  (180-280kg) SI 550 550 600 610 630 550
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 531 536 479 537 474
               
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)   347 385 381 325 428 323
Coarse Xbrd (>35 mic)   304 282 254 307 320 254
Merino   1335 1335 1335 1678 3120 1335
Lambs wool  (28-31 micron)   302 305 312 296 345 272
DAIRY ($/tonne)              
  Butter   7,818

7,601

7,518 10,072 10,396 7,335
  Skim milk powder   4,371 4,531 4,643 6,579 6,891 4,371
  Wholemilk powder   5,230 5,332 5,324 6,653 6,979 4,690
 Cheese - cheddar   7,196 7,977 7,518 9,282 9,557 7,196
               
  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 $0.55 -$0.75
      NZX FCG = $2.88
    * before retentions      

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