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Farm gate newsletter for August 5th 2023

News and analysis

LATEST MARKET PRICES

as August 5th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   30 -134 94   152 78
  SI   40 -158 110   148 81
Prime NI   42 - 190 116   203 108
  SI   103 - 189 146   229 114
STEER (c/kg) 481-580 Lwt NI   274 - 329 300   358 248
Prime SI   286 - 308 293    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 119 125 127 161 166 119
  SI 115 123 122 159 163 111
Local trade (c/kg) NI 730 730 730 920 920 700
(16-22kg) SI 725 760 750 940 940 700
MUTTON ($/hd) gross NI 73 84 94 134 135 73
(21.0kg MX1) SI 69 84 95 131 131 69
BEEF (c/kg)              
P2 steer NI 550 560 580 625 675 545
(270-295kg) SI 516 533 529 606 633 498
M2 Bull NI 540 550 553 600 625 523
(296-320kg) SI 459 469 471 544 556 461
Local Trade P2 NI 588 578 598 648 688 558
(180-280kg) SI 570 590 550 640 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 494 537 494
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 490 535 732

633

766 490
Fine xbrd (31.6-35) Av 342 342 341 420 428 340
Coarse xbrd (>35 m) Av 313 324 313 303 362 254
Merino Av 1335 1335 1335 1760 3120 1335
Lambs (28-31 mic) Av 304 304 354 283 345 272
DAIRY ($/tonne)          
  Butter   7,673 8,763 7,852 8,324 9,571 7,001
  SMP   4,024 4,345 4,424 5,647 6,338 4,024
  WMP   4,696 5,168 5,127 5,679 6,671 4,696
  Cheddar   6,411 7,385 7,670 7,689 9,198 6,411
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $7.75 -$6.25*($7.00)
  Fonterra dividend   2021/22 final payout $0.20  2022/23 forecast $0.65-$0.80
      NZX FCG = $3.13
    * before retentions      

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