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Farm gate newsletter for September 23rd 2023

News and analysis

LATEST MARKET PRICES

as September 23rd 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   30 -130

84

  152 78
  SI   30 -135 105   148 81
Prime NI   100 - 171 136   203 108
  SI   100 -197 149   229 114
STEER (c/kg) 481-580 Lwt NI   307- 352 327   358 248
Prime SI   220 - 293 273    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 121 119 130 166 166 119
  SI 114 114 124 160 163 111
Local trade (c/kg) NI 720 730 770 950 950 700
(16-22kg) SI 700 710 780 960 960 700
MUTTON ($/hd) gross NI 74 73 92 135 135 73
(21.0kg MX1) SI 68 67 92 129 129 66
BEEF (c/kg)              
P2 steer NI 590 570 575 670 675 545
(270-295kg) SI 523 516 539 626 633 498
M2 Bull NI 580 555 560 625 625 523
(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 530 530 530 507 537 500
               
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 371 343 341 406 406 340
Coarse xbrd (>35 m) Av 349 303 339 309 385 254
Merino Av 1120 1335 1335 1966 1966 1335
Lambs (28-31 mic) Av 298 304 304 273 345 272
DAIRY ($/tonne)          
  Butter   8,063 7,691 8,756 9,329 9,571 7,001
  SMP   4,097 3,953 4,342

6,178

6,338 3,941
  WMP   4,778 4,317 5,164 6,502 6,671 4,304
  Cheddar   6,903 6,993 7,379 8,965 9,198 6,411
               
  Fonterra milk price   2022/23 final payout $8.22* 2023/24 forecast $7.50 -$6.00*($6.75)
  Fonterra dividend   2022/23 final payout $0.50  2022/23 forecast $0.45-$0.60
      NZX FCG = $2.65
    * before retentions      

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