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Farm gate newsletter for November 11th 2023

News and analysis

LATEST MARKET PRICES

as November 11th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   25 -108

67

  152 63
  SI   65 - 135 87   148 81
Prime NI   70 -140 110   180 108
  SI   80 -170 125   185 114
STEER (c/kg) 481-580 Lwt NI   280 -320 305   341 248
Prime SI   280 -316 289    326 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 111 119 119 161 166 111
  SI 108 114 115 159 161 108
Local trade (c/kg) NI 670 710 730 870 870 670
(16-22kg) SI 680 700 725 870 870 680
MUTTON ($/hd) gross NI 64 73 73 118 118 64
(21.0kg MX1) SI 59 67 67 114 114 59
BEEF (c/kg)              
P2 steer NI 565 590 555 588 588 545
(270-295kg) SI 548 543 516 563 563 498
M2 Bull NI 565 580 540 613 613 523
(296-320kg) SI 483 500 459 541 541 461
Local Trade P2 NI 578 618 598 658 658 578
(180-280kg) SI 570 600 570 630 630 550
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 678 568 490

716

766 490
Fine xbrd (31.6-35) Av 377 375 343 381 386 341
Coarse xbrd (>35 m) Av 362 371 319 310 385 254
Merino Av 1472 1418 1335 1353 1753 1120
Lambs (28-31 mic) Av 298 298 304 290 348 277
DAIRY ($/tonne)          
  Butter   8,308 8,155 7,824 8,890 8,961 7,001
  SMP   4,628 4,341 4,102

6,239

6,288 3,941
  WMP   5,048 4,974 4,788 6,375 6,425 4,304
  Cheddar   6,867 6,538 6,536 8,860 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 = $2.18
    * before retentions      

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