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Farm gate newsletter for December 16th 2023

News and analysis

LATEST MARKET PRICES

as December 16th 2023.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   13 -102

59

  122 58
  SI   20 - 112 77   118 75
Prime NI   51-146 99   155 99
  SI   80 -150 115   163 114
STEER (c/kg) 481-580 Lwt NI   268 -341 302   330 248
Prime SI   265 -277 274    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 105 111 121 132 132 105
  SI 100 106 114 124 128 100
Local trade (c/kg) NI 630

650

730 800 800 630
(16-22kg) SI 650 670 700 780 780 650
MUTTON ($/hd) gross NI 57 62 73 88 93 57
(21.0kg MX1) SI 52 57 68 80 95 52
BEEF (c/kg)              
P2 steer NI 535 560 565 578 590 535
(270-295kg) SI 513 538 516 548 563 513
M2 Bull NI 540 560 580 535 580 523
(296-320kg) SI 470 477 433 504 504 459
Local Trade P2 NI 558 568 618 628 628 558
(180-280kg) SI 550 560 580 600 600 550
VENISON ($/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 513 528 578

732

732 490
Fine xbrd (31.6-35) Av 336 377 361

381

385 341
Coarse xbrd (>35 m) Av 347 358 341 254 369 254
Merino Av 1545 1497 1120 1335 1545 1120
Lambs (28-31 mic) Av 415 298 298 305 395 290
DAIRY ($/tonne)          
  Butter   7,937 8,166 7,782 7,518 8,763 7,001
  SMP   4,295 4,549 3,877

4643

4,892 3,941
  WMP   4,991 4,962 4,322 5,324 5,374 4,304
  Cheddar   6,409 6,750 6,957 7,518 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 = $2.49
    * before retentions      

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