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Farm gate newsletter for September 2nd 2023

News and analysis

LATEST MARKET PRICES

as September 2nd 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   20 -156

112

  152 78
  SI   50 -129 100   148 81
Prime NI   75 - 186 131   203 108
  SI   103 -180 142   229 114
STEER (c/kg) 481-580 Lwt NI   285- 325 306   358 248
Prime SI   304 - 306 305    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 119 119 132 165 166 119
  SI 112 115 123 160 163 111
Local trade (c/kg) NI 730 730 770 950 940 700
(16-22kg) SI 700 725 780 960 960 700
MUTTON ($/hd) gross NI 73 73 94 135 135 73
(21.0kg MX1) SI 66 69 93 129 131 66
BEEF (c/kg)              
P2 steer NI 570 550 580 655 675 545
(270-295kg) SI 516 516 543 613 633 498
M2 Bull NI 555 540 553 610 625 523
(296-320kg) SI 463 459 483 548 556 461
Local Trade P2 NI 618 588 598 688 688 558
(180-280kg) SI 580 570 570 660 630 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 504 537 500
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 550 490 732

588

766 490
Fine xbrd (31.6-35) Av 343 342 341 426 426 340
Coarse xbrd (>35 m) Av 329 313 338 294 362 254
Merino Av 1335 1335 1335 1999 1999 1335
Lambs (28-31 mic) Av 298 304 349 273 345 272
DAIRY ($/tonne)          
  Butter   7,874 7,673 8,344 9,571 9,571 7,001
  SMP   3,925 4,024 4,554 6,338 6,338 3,941
  WMP   4,287 4,696 5,341 6,671 6,671 4,304
  Cheddar   6,943 6,411 7,256 9,198 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 = $2.48
    * before retentions      

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