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Farm gate newsletter for November 4th 2023

News and analysis

LATEST MARKET PRICES

as November 4th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   51 -130

99

  152 63
  SI   60 -115 88   148 81
Prime NI   90 -184 137   180 108
  SI   90 -170 130   185 114
STEER (c/kg) 481-580 Lwt NI   278 -331 325   341 248
Prime SI   280 -308 296    326 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 112 120 119 156 156 114
  SI 109 114 115 150 150 111
Local trade (c/kg) NI 690 710 730 890 890 690
(16-22kg) SI 690 700 725 890 890 690
MUTTON ($/hd) gross NI

67

74 73 123 123 67
(21.0kg MX1) SI 61 68 69 118 118 61
BEEF (c/kg)              
P2 steer NI 570 590 550 648 648 545
(270-295kg) SI 553 543 516 616 616 498
M2 Bull NI 570 580 540 613 613 523
(296-320kg) SI 483 500 459 544 544 459
Local Trade P2 NI 588 618 588 648 688 558
(180-280kg) SI 580 600 570 640 660 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 530 530 530 537

539

530
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 678 548 490

716

766 490
Fine xbrd (31.6-35) Av 377 374 343 382 386 341
Coarse xbrd (>35 m) Av 369 361 313 303 385 254
Merino Av 1472 1534 1335 1753 1753 1120
Lambs (28-31 mic) Av 298 298 304 290 348 277
DAIRY ($/tonne)          
  Butter   8,249 8,031 7,673 8,211 8,961 7,001
  SMP   4,440 4,275 4,024

5,013

6,288 3,941
  WMP   5,108 4,898 4,696 5,530 6,425 4,304
  Cheddar   6,442 6,434 6,411 8,099 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 = $2.20
    * before retentions      

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