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Farm gate newsletter for July 1st 2023

News and analysis

LATEST MARKET PRICES

as July 1st 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   30 -154 99   152 79
  SI   55 -128 98   148 81
Prime NI   93 -- 184 139   215 108
  SI   120 -199 160   265 114
STEER (c/kg) 481-580 Lwt NI   248 - 331 291   355 263
Prime SI   270 - 320 296    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 127 132 126 157 166 120
  SI 124 123 120 156 163 111
Local trade (c/kg) NI 750 770 730 900 870 720
(16-22kg) SI 770 780 730 925 880 700
MUTTON ($/hd) gross NI 88 94 93 133 135 81
(21.0kg MX1) SI 87 93 91 131 131 74
BEEF (c/kg)              
P2 steer NI 565 580 580 595 670 558
(270-295kg) SI 536 543 513 593 633 498
M2 Bull NI 555 553 553 585 625 523
(296-320kg) SI 473 483 471 534 556 461
Local Trade P2 NI 588 598 598 608 658 588
(180-280kg) SI 600 570 550 610 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 482 537 474
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 732 732 732 634 766 588
Fine xbrd (31.6-35) Av 341 341 342 356 428 330
Coarse xbrd (>35 m) Av 331 338 298 297 354 254
Merino Av 1335 1335 1335 1748 3120 1335
Lambs (28-31 mic) Av 304 349 348 278 345 272
DAIRY ($/tonne)          
  Butter   8,763 8,344 7,599 10,013 10,396 7,001
  SMP   4,345 4,554 4,238 6,891 6,891 4,124
  WMP   5,168 5,341 5,166 6,648 6,979 4,882
  Cheddar   7,385 7,256 6,485 7,857 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 = $3.27
    * before retentions      

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