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Farm gate newsletter for September 17th 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   61 -154

92

  152 78
  SI   35 -155 98   148 81
Prime NI   99 - 185 131   203 108
  SI   100 -185 142   229 114
STEER (c/kg) 481-580 Lwt NI   285- 346 325   358 248
Prime SI   279 - 315 298    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 121 119 132 165 166 119
  SI 114 116 124 160 163 111
Local trade (c/kg) NI 730 730 770 940 940 700
(16-22kg) SI 700 755 780 960 960 700
MUTTON ($/hd) gross NI 73 73 94 135 135 73
(21.0kg MX1) SI 68 67 93 130 131 66
BEEF (c/kg)              
P2 steer NI 590 565 575 670 675 545
(270-295kg) SI 523 516 539 623 633 498
M2 Bull NI 580 545 560 625 625 523
(296-320kg) SI 473 459 479 553 556 461
Local Trade P2 NI 618 608 599 688 688 558
(180-280kg) SI 580 585 600 660 660 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 505 537 500
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 578 490 732

615

766 490
Fine xbrd (31.6-35) Av 361 343 341 413 413 340
Coarse xbrd (>35 m) Av 341 298 362 310 362 254
Merino Av 1120 1335 1335 1966 1966 1335
Lambs (28-31 mic) Av 298 304 304 273 345 272
DAIRY ($/tonne)          
  Butter   7,782 7,667 8,170 8,962 9,571 7,001
  SMP   4,583 3,941 4,424

5,967

6,338 3,941
  WMP   4,322 4,304 5,095 6,026 6,671 4,304
  Cheddar   6,957 6,971 7,174 8,423 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 = $2.59
    * before retentions      

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