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Farm gate newsletter for July 29th 2023

News and analysis

LATEST MARKET PRICES

as July 29th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   30 -168 86   152 78
  SI   58 -121 94   148 81
Prime NI   59 - 187 123   203 108
  SI   95 - 182 139   229 114
STEER (c/kg) 481-580 Lwt NI   273 - 326 304   358 248
Prime SI   288 - 308 301    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 120 127 127 160 166 120
  SI 116 124 121 158 163 111
Local trade (c/kg) NI 710 750 730 920 920 700
(16-22kg) SI 725 770 750 940 940 700
MUTTON ($/hd) gross NI 74 88 94 134 135 74
(21.0kg MX1) SI 71 87 92 131 131 71
BEEF (c/kg)              
P2 steer NI 545 565 580 610 675 545
(270-295kg) SI 519 536 516 603 633 498
M2 Bull NI 540 550 553 595 625 523
(296-320kg) SI 463 471 471 541 556 461
Local Trade P2 NI 568 589 598 648 688 558
(180-280kg) SI 570 600 550 640 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 491 537 491
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 535 732 732

592

766 535
Fine xbrd (31.6-35) Av 342 341 341 405 425 340
Coarse xbrd (>35 m) Av 301 331 299 303 362 254
Merino Av 1335 1335 1335 1760 3120 1335
Lambs (28-31 mic) Av 304 304 278 278 345 272
DAIRY ($/tonne)          
  Butter   7,639 8,763 7,845 8,979 10,396 7,001
  SMP   4,064 4,345 4,517 6,459 6,891 4,060
  WMP   5,033 5,168 5,027 6,297 6,979 4,882
  Cheddar   6,421 7,385 7,178 7,803 9,557 6,415
               
  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 = $3.19
    * before retentions      

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