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Farm gate newsletter for July 15th 2023

News and analysis

LATEST MARKET PRICES

as July 15th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   5 -142 78   152 79
  SI   30 -121 94   148 81
Prime NI   69 - 193 131   203 108
  SI   80 - 175 128   229 114
STEER (c/kg) 481-580 Lwt NI   249 - 294 280   358 280
Prime SI   269 - 292 277    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 123 132 126 159 166 120
  SI 122 124 121 157 163 111
Local trade (c/kg) NI 710 770 730 900 900 720
(16-22kg) SI 750 780 740 930 930 700
MUTTON ($/hd) gross NI 79 94 93 134 135 81
(21.0kg MX1) SI 81 93 92 131 131 74
BEEF (c/kg)              
P2 steer NI 555 575 580 605 675 558
(270-295kg) SI 529 539 516 603 633 498
M2 Bull NI 545 560 553 595 625 523
(296-320kg) SI 466 479 471 541 556 461
Local Trade P2 NI 568 599 598 618 688 578
(180-280kg) SI 580 600 550 620 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 486 537 474
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 535 732 732 686 766 535
Fine xbrd (31.6-35) Av 342 341 341 361 428 330
Coarse xbrd (>35 m) Av 322 362 285 289 362 254
Merino Av 1335 1335 1335 1748 3120 1335
Lambs (28-31 mic) Av 304 304 343 278 345 272
DAIRY ($/tonne)          
  Butter   7,604 8,170 7,411 9,173 10,396 7,001
  SMP   3,965 4,424 4,160 6,599 6,891 4,069
  WMP   4,945 5,095 4,924 6,433 6,979 4,882
  Cheddar   6,888 7,174 6,721 7,971 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 = $3.10
    * before retentions      

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