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Farm gate newsletter for May 28th 2023

News and analysis

LATEST MARKET PRICES

as May 28th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   57 -151 120   152 79
  SI   80 -140 125   148 81
Prime NI   116 - 190 153   215 108
  SI   130 -196 163   265 114
STEER (c/kg) 481-580 Lwt NI   260 - 304 292   355 263
Prime SI   290 - 318 310    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 129 127 122 150 166 120
  SI 123 121 113 150 163 111
Local trade (c/kg) NI 770 730 720 850 870 720
(16-22kg) SI 770 750 700 870 870 700
MUTTON ($/hd) gross NI 94 94 88 127 135 81
(21.0kg MX1) SI 95 92 79 124 131 74
BEEF (c/kg)              
P2 steer NI 580 580 575 595 670 558
(270-295kg) SI 543 516 506 579 633 498
M2 Bull NI 553 553 553 585 625 523
(296-320kg) SI 483 471 461 523 556 461
Local Trade P2 NI 598 598 598 598 658 588
(180-280kg) SI 570 550 550 600 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 531 479 537 474
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 732 732 732 640 766 588
Fine xbrd (31.6-35) Av 341 341 385 349 428 330
Coarse xbrd (>35 m) Av 332 299 282 320 323 254
Merino Av 1335 1335 1335 1743 3120 1335
Lambs (28-31 mic) Av 349 278 320 301 345 272
DAIRY ($/tonne)          
  Butter   8384 7,845 7,986 8,796 10,396 7,001
  SMP   4,576 4,517 4,493 6,296 6,891 4,124
  WMP   5,366 5,027 5,296 6,018 6,979 4,882
  Cheddar   7,290 7,178 8,252 8,620 9,557 6,485
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $8.10 -$8.30*($8.20)
  Fonterra dividend   2021/22 final payout $0.20  2022/23 forecast $0.55-$0.75
      NZX FCG = $3.02
    * before retentions      

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