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Farm gate newsletter for October 14th 2023

News and analysis

LATEST MARKET PRICES

as October 14th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   30 -105

78

  152 78
  SI   34 -121 92   148 81
Prime NI   90 -194 142   203 108
  SI   92 -185 139   229 114
STEER (c/kg) 481-580 Lwt NI   222- 342 323   358 248
Prime SI   250 - 315 298    346 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 119 121 123 164 166 119
  SI 114 114 122 159 160 111
Local trade (c/kg) NI 710 730 730 950 950 700
(16-22kg) SI 700 700 760 950 950 700
MUTTON ($/hd) gross NI 73 73 79 134 134 73
(21.0kg MX1) SI 67 68 81 129 129 66
BEEF (c/kg)              
P2 steer NI 590 590 555 675 675 545
(270-295kg) SI 543 523 529 633 633 498
M2 Bull NI 580 585 545 625 625 523
(296-320kg) SI 500 473 466 556 556 461
Local Trade P2 NI 618 618 568 688 688 558
(180-280kg) SI 600 580 580 650 650 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 524

539

524
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 568 578 535

592

766 490
Fine xbrd (31.6-35) Av 375 361 342 391 391 340
Coarse xbrd (>35 m) Av 371 341 322 311 385 254
Merino Av 1481 1120 1335 1692 1753 1120
Lambs (28-31 mic) Av 298 298 304 290 345 272
DAIRY ($/tonne)          
  Butter   8,155 7,782 7,602 8,961 8,961 7,001
  SMP   4,341 3,877 3,965

6,288

6,288 3,941
  WMP   4,974 4,322 4,945 6,425 6,425 4,304
  Cheddar   6,538 6,957 6,888 8,930 8,930 6,411
               
  Fonterra milk price   2022/23 final payout $8.22* 2023/24 forecast $8.00 -$6.50*($7.25)
  Fonterra dividend   2022/23 final payout $0.50  2022/23 forecast $0.45-$0.60
      NZX FCG = $2.27
    * before retentions      

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