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Farm gate newsletter for April 22nd 2023

News and analysis

LATEST MARKET PRICES

as April 22nd  2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   65 -144 120   152 79
  SI   36 -160 114   148 81
Prime NI   75 - 172 124   215 108
  SI   110 -203 157   265 114
STEER (c/kg) 481-580 Lwt NI   287 - 338 320   355 263
Prime SI   266 - 310 300    342 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 127 125 120 146 166 120
  SI 121 120 113 143 163 111
Local trade (c/kg) NI 730 730 720 830 870 720
  (16-22kg) SI 750 730 700 830 870 700
MUTTON ($/hd) gross NI 94 91 81 125 135 81
(21.0kg MX1) SI 92 88 74 119 131 74
BEEF (c/kg)              
P2 steer NI 580 580 558 580 670 558
  (270-295kg) SI 516 513 523 559 633 498
M2 Bull NI 553 553 523 580 625 523
  (296-320kg) SI 471 471 471 516 556 461
Local Trade P2 NI 598 598 598 588 658 588
  (180-280kg) SI 550 550 560 590 630 550
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 530 536 479 537 474
               
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 341 344 385 323 428 323
Coarse Xbrd (>35 mic) Av 285 305 258 283 320 254
Merino Av 1335 1335 1335 1678 3120 1335
Lambs wool  (28-31 micron) Av 343 348 303 296 345 272
DAIRY ($/tonne)          
  Butter   7,852 7,675 7,527 10,014 10,396 7,335
  SMP   4,521 4,281 4,392 6,648 6,891 4,124
  WMP   5,031 5,218 4,973 6,344 6,979 4,882
  Cheddar   7,181 6,550 7,527 9,327 9,557 6,485
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $8.00 -$8.60*($8.30)
  Fonterra dividend   2021/22 final payout $0.20  2022/23 forecast $0.55-$0.75
      NZX FCG = $2.75
    * before retentions      

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