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Farm gate newsletter for June 24th 2023

News and analysis

LATEST MARKET PRICES

as June 24th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   54 -150 93   152 79
  SI   20 -139 114   148 81
Prime NI   70 -- 187 144   215 108
  SI   106 -211 159   265 114
STEER (c/kg) 481-580 Lwt NI   256 - 318 286   355 263
Prime SI   300 - 326 313    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 130 129 125 156 166 120
  SI 124 123 120 155 163 111
Local trade (c/kg) NI 770 770 730 900 870 720
(16-22kg) SI 780 770 730 925 880 700
MUTTON ($/hd) gross NI 92 94 93 126 135 81
(21.0kg MX1) SI 92 95 88 120 131 74
BEEF (c/kg)              
P2 steer NI 574 580 580 595 670 558
(270-295kg) SI 539 543 513 586 633 498
M2 Bull NI 560 553 553 585 625 523
(296-320kg) SI 479 483 471 534 556 461
Local Trade P2 NI 599 598 598 598 658 588
(180-280kg) SI 600 570 550 600 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 480 537 474
               
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 341 341 344 349 428 330
Coarse xbrd (>35 m) Av 339 332 305 294 354 254
Merino Av 1335 1335 1335 1743 3120 1335
Lambs (28-31 mic) Av 304 349 348 272 345 272
DAIRY ($/tonne)          
  Butter   8,756 8,384 7,675 9,834 10,396 7,001
  SMP   4,342 4,576 4,281 6,768 6,891 4,124
  WMP   5,164 5,366 5,218 6,529 6,979 4,882
  Cheddar   7,379 7,290 6,550 7,716 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 $0.65-$0.80
      NZX FCG = $3.26
    * before retentions      

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