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Farm gate newsletter for August 13th 2023

News and analysis

LATEST MARKET PRICES

as August 13th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   56 -133

95

  152 78
  SI   20 -128 104   148 81
Prime NI   42 - 190 116   203 108
  SI   85 - 188 137   229 114
STEER (c/kg) 481-580 Lwt NI   256 - 319 300   358 248
Prime SI   240 - 304 290    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 119 123 128 162 166 119
  SI 115 122 122 159 163 111
Local trade (c/kg) NI 730 710 750 920 920 700
(16-22kg) SI 725 750 760 940 940 700
MUTTON ($/hd) gross NI 73 79 94 135 135 73
(21.0kg MX1) SI 69 81 95 131 131 69
BEEF (c/kg)              
P2 steer NI 555 555 580 635 675 545
(270-295kg) SI 516 529 539 609 633 498
M2 Bull NI 540 545 553 585 625 523
(296-320kg) SI 459 466 476 523 556 461
Local Trade P2 NI 598 568 598 670 688 558
(180-280kg) SI 570 580 560 640 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 500 537 500
               
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 343 342 341 422 428 340
Coarse xbrd (>35 m) Av 319 322 323 315 362 254
Merino Av 1335 1335 1335 1760 3120 1335
Lambs (28-31 mic) Av 304 304 283 283 345 272
DAIRY ($/tonne)          
  Butter   7,824 7,604 7,979 8,052 9,571 7,001
  SMP   4,102 3,965 4,495 5,463 6,338 4,024
  WMP   4,788 4,945 5,210 5,494 6,671 4,696
  Cheddar   6,536 6,888 7,794 7,438 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 = $3.19
    * before retentions      

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