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Farm gate newsletter for October 7th 2023

News and analysis

LATEST MARKET PRICES

as October 7th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   20 -130

113

  152 78
  SI   50 -115 86   148 81
Prime NI   190 -169 130   203 108
  SI   90 -183 157   229 114
STEER (c/kg) 481-580 Lwt NI   322- 340 330   358 248
Prime SI   280 - 319 303    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 120 119 125 166 166 119
  SI 114 112 123 160 160 111
Local trade (c/kg) NI 710 730 730 950 950 700
(16-22kg) SI 700 700 760 960 960 700
MUTTON ($/hd) gross NI 74 73 84 135 135 73
(21.0kg MX1) SI 68 66 84 129 129 66
BEEF (c/kg)              
P2 steer NI 590 570 560 675 675 545
(270-295kg) SI 543 516 533 633 633 498
M2 Bull NI 580 555 550 625 625 523
(296-320kg) SI 500 463 469 556 556 461
Local Trade P2 NI 618 618 578 688 688 558
(180-280kg) SI 600 580 590 660 660 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 518 537 500
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 548 550 535

588

766 490
Fine xbrd (31.6-35) Av 374 343 342 402 403 340
Coarse xbrd (>35 m) Av 361 336 324 310 385 254
Merino Av 1534 1335 1335 1999 1999 1120
Lambs (28-31 mic) Av 298 298 304 290 345 272
DAIRY ($/tonne)          
  Butter   8,031 7,927 7,802 8,890 9,571 7,001
  SMP   4,275 3,872 4,069

6,239

6,338 3,941
  WMP   4,898 4,316 5,074 6,375 6,671 4,304
  Cheddar   6,439 6,948 7,067 8,860 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 = $2.25
    * before retentions      

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