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Farm gate newsletter for December 3rd 2023

News and analysis

LATEST MARKET PRICES

as December 3rd 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   15 -98

62

  122 62
  SI   30 - 116 83   118 75
Prime NI   50-150 100   155 100
  SI   90 -156 123   163 114
STEER (c/kg) 481-580 Lwt NI   281 -330 302   330 248
Prime SI   257 -302 283    310 226
               
    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 108 112 119 139 139 108
  SI 104 109 115 131 131 104
Local trade (c/kg) NI 630

690

730 830 830 630
(16-22kg) SI 650 690 700 830 830 650
MUTTON ($/hd) gross NI 60 67 73 98 98 60
(21.0kg MX1) SI 53 61 66 88 94 56
BEEF (c/kg)              
P2 steer NI 545 570 570 603 603 545
(270-295kg) SI 522 553 516 583 583 516
M2 Bull NI 550 568 555 565 580 523
(296-320kg) SI 477 483 463 519 519 459
Local Trade P2 NI 558 588 680 638 638 558
(180-280kg) SI 550 580 585 610 610 550
VENISON ($/hd) gross              
AP Stag 60kg NZ 521 530 530 536

536

521
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 513 678 550

732

732 490
Fine xbrd (31.6-35) Av 354 377 343 380 385 341
Coarse xbrd (>35 m) Av 341 369 329 275 369 254
Merino Av 1545 1472 1335 1335 1545 1120
Lambs (28-31 mic) Av 298 298 298 290 395 290
DAIRY ($/tonne)          
  Butter   7,786 8,249 7,881 7,728 8,763 7,001
  SMP   4,224 4,440 4,005

4892

4,892 3,941
  WMP   4,877 5,108 4,670 5,436 5,374 4,304
  Cheddar   5,860 6,442 6,748 7,595 8,251 6,006
               
  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 = $2.27
    * before retentions      

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