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Farm gate newsletter for March 25th 2023

News and analysis

LATEST MARKET PRICES

as March 25th  2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   70 -136 105   152 79
  SI   20 -150 109   148 81
Prime NI   113 - 150 132   215 108
  SI   105 -193 149   265 114
STEER (c/kg) 481-580 Lwt NI   252 - 317 292   355 263
Prime SI   180 -296  229    342 259
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX  NI 125 122 127 146 166 120
  SI 120 113 120 143 163 111
Local trade (c/kg) NI 730 720 750 830 870 720
  (16-22kg) SI 730 700 740 830 870 700
MUTTON ($/hd) gross NI 93 88 88 125 135 81
(21.0kg MX1) SI 88 79 80 119 131 74
BEEF (c/kg)              
P2 steer NI 580 575 578 580 670 558
  (270-295kg) SI 513 506 548 563 633 498
M2 Bull NI 553 553 535 585 625 523
  (296-320kg) SI 471 461 504 519 556 461
Local Trade P2 NI 598 598 628 598 658 598
  (180-280kg) SI 550 550 600 600 630 550
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)   304 282 254 298 320 254
Merino   1335 1335 1335 1678 3120 1335
Lambs wool  (28-31 micron)   348 320 305 296 345 272
DAIRY ($/tonne)              
  Butter   7,656

7,986

7,579 9,989 10,396 7,335
  Skim milk powder   4,268 4,493 4,680 6,531 6,891 4,371
  Wholemilk powder   5,203 5,296 5,367 6,604 6,979 4,690
 Cheese - cheddar   6,531 8,252 7,618 9,214 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 = $2.97
    * before retentions      

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