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Farm gate newsletter for April 2nd 2023

News and analysis

LATEST MARKET PRICES

as April 2nd  2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   35 -135 85   152 79
  SI   50 -165 109   148 81
Prime NI   80 - 190 135   215 108
  SI   85 -182 134   265 114
STEER (c/kg) 481-580 Lwt NI   283 - 340 318   355 263
Prime SI   251 -294  274    342 259
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 126 125 123 146 166 120
  SI 120 115 117 143 163 111
Local trade (c/kg) NI 730 720 750 830 870 720
  (16-22kg) SI 730 700 740 830 870 700
MUTTON ($/hd) gross NI 93 91 88 125 135 81
(21.0kg MX1) SI 90 81 80 119 131 74
BEEF (c/kg)              
P2 steer NI 580 580 578 580 670 558
  (270-295kg) SI 513 506 548 559 633 498
M2 Bull NI 553 553 535 580 625 523
  (296-320kg) SI 471 461 504 516 556 461
Local Trade P2 NI 598 598 628 588 658 588
  (180-280kg) SI 550 550 600 590 630 550
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 531 536 479 537 474
               
WOOL indicator auction prices (c/kg, clean)  
  Mid mic (23.1-31.5) Av 732 732 732 631 766 588
  Fine Xbrd (31.6-35.0) Av 342 352 382 326 428 323
Coarse Xbrd (>35 mic) Av 298 291 254 290 320 254
Merino Av 1335 1335 1335 1678 3120 1335
Lambs wool  (28-31 micron) Av 348 290 305 296 345 272
DAIRY ($/tonne)          
  Butter   7,599 7,925 7,579 10,054 10,396 7,335
  SMP   4,238 4,458 4,680 6,567 6,891 4,238
  WMP   5,166 5,255 5,367 6,641 6,979 4,690
  Cheddar   6,485 8,189 7,618 9,265 9,557 6,485
               
  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 = $3.08
    * before retentions      

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