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Farm gate newsletter for October 21st 2023

News and analysis

LATEST MARKET PRICES

as October 21st 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   44 -76

63

  152 63
  SI   40 -116 92   148 81
Prime NI   109 -156 133   180 108
  SI   90 -180 135   185 114
STEER (c/kg) 481-580 Lwt NI   305 -320 314   341 248
Prime SI   296 -319 307    326 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 117 121 122 163 163 119
  SI 113 114 117 157 157 111
Local trade (c/kg) NI 710 720 700 930 930 700
(16-22kg) SI 700 700 735 930 930 700
MUTTON ($/hd) gross NI 72 74 76 133 133 72
(21.0kg MX1) SI 67 68 72 128 128 67
BEEF (c/kg)              
P2 steer NI 585 590 545 670 670 545
(270-295kg) SI 567 523 526 634 634 498
M2 Bull NI 575 580 540 625 625 523
(296-320kg) SI 497 473 463 556 556 461
Local Trade P2 NI 618 618 558 688 688 558
(180-280kg) SI 590 580 580 650 650 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 528

539

528
               
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 375 371 342 386 386 341
Coarse xbrd (>35 m) Av 371 341 322 311 385 254
Merino Av 1481 1120 1335 1692 1753 1120
Lambs (28-31 mic) Av 298 298 304 290 348 277
DAIRY ($/tonne)          
  Butter   8,473 8,063 7,632 8,825 8,961 7,001
  SMP   4,561 4,097 4,060

5,644

6,288 3,941
  WMP   5,247 4,778 5,028 5,941 6,425 4,304
  Cheddar   6,617 6,903 6,415 8,282 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 = $2.26
    * before retentions      

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