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Farm gate newsletter for November 19th 2023

News and analysis

LATEST MARKET PRICES

as November 19th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   10 -104

65

  152 63
  SI   65 - 110 83   148 81
Prime NI   58 -158 108   180 108
  SI   60 -181 121   185 114
STEER (c/kg) 481-580 Lwt NI   275 -333 309   341 248
Prime SI   271 -316 301    326 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt    
17.5 kg YX  NI 111 119 119 148 148 111
  SI 106 113 116 143 143 106
Local trade (c/kg) NI 650 710 730 870 870 650
(16-22kg) SI 670 700 715 870 870 670
MUTTON ($/hd) gross NI 62 72 73 108 108 62
(21.0kg MX1) SI 57 67 67 102 102 57
BEEF (c/kg)              
P2 steer NI 560 585 565 628 628 545
(270-295kg) SI 538 567 516 604 604 516
M2 Bull NI 560 575 545 600 600 523
(296-320kg) SI 478 497 459 533 533 461
Local Trade P2 NI 568 618 608 658 658 568
(180-280kg) SI 560 590 585 630 630 550
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 528 568 490

716

766 490
Fine xbrd (31.6-35) Av 377 376 343 380 385 341
Coarse xbrd (>35 m) Av 358 374 298 300 385 254
Merino Av 1497 1472 1335 1594 1598 1120
Lambs (28-31 mic) Av 298 298 298 290 348 277
DAIRY ($/tonne)          
  Butter   8,166 8,473 8,063 7,856 8,961 7,001
  SMP   4,549 4,561 4,097

4973

6,288 3,941
  WMP   4,962 5,247 4,778 5,526 6,425 4,304
  Cheddar   6,750 6,617 6,903 7,721 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 = $2.03
    * before retentions      

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