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Farm gate newsletter for October 29th 2023

News and analysis

LATEST MARKET PRICES

as October 29th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   15 -129

65

  152 63
  SI   40 -95 86   148 81
Prime NI   90 -154 122   180 108
  SI   100 -180 140   185 114
STEER (c/kg) 481-580 Lwt NI   270 -319 299   341 248
Prime SI   282 -307 297    326 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 114 121 120 159 159 114
  SI 111 114 116 154 154 111
Local trade (c/kg) NI 700 710 710 910 910 700
(16-22kg) SI 700 700 725 910 910 700
MUTTON ($/hd) gross NI 69 72 72 128 128 69
(21.0kg MX1) SI 65 68 71 124 124 65
BEEF (c/kg)              
P2 steer NI 575 590 545 660 660 545
(270-295kg) SI 563 533 519 628 628 498
M2 Bull NI 570 580 540 625 625 523
(296-320kg) SI 493 473 463 553 556 461
Local Trade P2 NI 590 618 568 678 678 558
(180-280kg) SI 590 570 570 650 650 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 534

539

528
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 678 548 535

728

766 490
Fine xbrd (31.6-35) Av 376 373 342 383 386 341
Coarse xbrd (>35 m) Av 371 346 301 310 385 254
Merino Av 1472 1534 1335 1711 1753 1120
Lambs (28-31 mic) Av 298 298 304 290 348 277
DAIRY ($/tonne)          
  Butter   8,507 7,881 7,039 8,314 8,961 7,001
  SMP   4,579 4,005 4,064

5,570

6,288 3,941
  WMP   5,268 4,670 5,033 5,863 6,425 4,304
  Cheddar   6,644 6,748 6,421 8,173 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 = $2.25
    * before retentions      

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