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Farm gate newsletter for September 30th 2023

News and analysis

LATEST MARKET PRICES

as September 30th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   54 -134

97

  152 78
  SI   60 -124 110   148 81
Prime NI   108 - 171 140   203 108
  SI   120 -193 157   229 114
STEER (c/kg) 481-580 Lwt NI   280- 345 327   358 248
Prime SI   288 - 304 295    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 121 119 127 166 166 119
  SI 114 113 124 160 163 111
Local trade (c/kg) NI 710 730 750 950 950 700
(16-22kg) SI 700 700 770 960 960 700
MUTTON ($/hd) gross NI 74 73 88 135 135 73
(21.0kg MX1) SI 68 66 87 129 129 66
BEEF (c/kg)              
P2 steer NI 590 570 565 675 675 545
(270-295kg) SI 533 516 536 633 633 498
M2 Bull NI 580 555 555 625 625 523
(296-320kg) SI 473 463 471 556 556 461
Local Trade P2 NI 618 618 588 688 688 558
(180-280kg) SI 570 580 600 660 660 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 513 537 500
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 548 550 732

588

766 490
Fine xbrd (31.6-35) Av 373 343 341 403 403 340
Coarse xbrd (>35 m) Av 346 329 331 309 385 254
Merino Av 1534 1335 1335 1999 1999 1120
Lambs (28-31 mic) Av 298 298 304 290 345 272
DAIRY ($/tonne)          
  Butter   7,881 7,874 8,764 9,571 9,571 7,001
  SMP   4,005 3,925 4,345

6,338

6,338 3,941
  WMP   4,670 4,287 5,168 6,671 6,671 4,304
  Cheddar   6,748 6,943 7,385 9,198 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 = $2.31
    * before retentions      

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