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Farm gate newsletter for December 9th 2023

News and analysis

LATEST MARKET PRICES

as December 9th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   10 -113

58

  122 58
  SI   41 - 126 79   118 75
Prime NI   50-159 105   155 100
  SI   80 -150 115   163 114
STEER (c/kg) 481-580 Lwt NI   266 -310 285   330 248
Prime SI   264 -297 280    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 107 111 119 136 139 108
  SI 103 108 112 131 131 104
Local trade (c/kg) NI 630

670

730 800 800 630
(16-22kg) SI 650 680 700 800 800 650
MUTTON ($/hd) gross NI 58 64 73 93 93 58
(21.0kg MX1) SI 53 59 66 84 95 53
BEEF (c/kg)              
P2 steer NI 540 565 570 588 590 545
(270-295kg) SI 522 548 516 563 563 516
M2 Bull NI 550 565 555 555 580 523
(296-320kg) SI 477 483 463 509 509 459
Local Trade P2 NI 558 588 618 628 628 558
(180-280kg) SI 550 570 580 600 600 550
VENISON ($/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 342 377 343 380 385 341
Coarse xbrd (>35 m) Av 343 362 336 265 369 254
Merino Av 1545 1472 1335 1335 1545 1120
Lambs (28-31 mic) Av 415 298 298 312 395 290
DAIRY ($/tonne)          
  Butter   8,073 8,308 7,927 7,452 8,763 7,001
  SMP   4,369 4,628 3,872

4892

4,892 3,941
  WMP   5,077 5,048 4,316 5,362 5,374 4,304
  Cheddar   6,519 6,867 6,948 7,611 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