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Farm gate newsletter for August 20th 2023

News and analysis

LATEST MARKET PRICES

as August 20th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   32 -146

86

  152 78
  SI   17 -126 94   148 81
Prime NI   60 - 186 123   203 108
  SI   100 - 188 144   229 114
STEER (c/kg) 481-580 Lwt NI   215 - 319 314   358 248
Prime SI   170 - 331 282    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 119 122 129 162 166 119
  SI 116 117 122 159 163 111
Local trade (c/kg) NI 730 700 770 850 850 700
(16-22kg) SI 715 735 770 850 850 700
MUTTON ($/hd) gross NI 73 76 94 126 126 73
(21.0kg MX1) SI 67 72 95 120 120 67
BEEF (c/kg)              
P2 steer NI 565 545 580 640 675 545
(270-295kg) SI 516 526 543 613 633 498
M2 Bull NI 545 540 553 610 625 523
(296-320kg) SI 459 463 479 548 556 461
Local Trade P2 NI 608 558 598 598 688 558
(180-280kg) SI 585 580 570 580 630 550
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

629

766 490
Fine xbrd (31.6-35) Av 343 342 341 427 428 340
Coarse xbrd (>35 m) Av 298 318 323 315 362 254
Merino Av 1335 1335 1335 3120 3120 1335
Lambs (28-31 mic) Av 304 304 395 288 345 272
DAIRY ($/tonne)          
  Butter   7,667 7,632 8,066 8,433 9,571 7,001
  SMP   3,941 4,060 4,402 5,711 6,338 3,941
  WMP   4,304 5,028 5,163 5,537 6,671 4,304
  Cheddar   6,971 6,415 7,014 8,111 9,198 6,411
               
  Fonterra milk price   2021/22 final payout $9.30* 2022/23 forecast $7.50 -$6.00*($6.75)
  Fonterra dividend   2021/22 final payout $0.20  2022/23 forecast $0.65-$0.80
      NZX FCG = $2.52
    * before retentions      

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