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Farm gate newsletter for January 21st 2024

News and analysis

LATEST MARKET PRICES

as January 21st 2024.

      price range     high (Av last 12mths) low (av last 12 mths)
Saleyard prices ...              
LAMB ($/head) weighted average Average  
Store    NI   23-90

67

  132 58
  SI   26 -97 71   125 71
Prime NI   75-136 106   155 99
  SI   70 -133 102   163 102
STEER (c/kg) 481-580 Lwt NI   285 -325 298   330 248
Prime SI   260 -280 271    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 104 105 117 120 132 104
  SI 97 100 113 113 128 97
Local trade (c/kg) NI 630

630

710 720 770 630
(16-22kg) SI 610 640 700 700 780 610
MUTTON ($/hd) gross NI 57 62 72 81 94 57
(21.0kg MX1) SI 51 52 67 74 93 51
BEEF (c/kg)              
P2 steer NI 535 560 585 588 580 535
(270-295kg) SI 503 513 567 527 567 503
M2 Bull NI 528 540 575 523 580 523
(296-320kg) SI 460 470 498 471 504 459
Local Trade P2 NI 558 558 618 598 618 558
(180-280kg) SI 540 550 590 560 600 540
VENISON ($/hd) gross              
AP Stag 60kg NZ 521 521 530 536

536

521
               
WOOL indicator auction prices (c/kg, clean)  
Mid mic (23.1-31.5) Av 513 513 568

732

732 490
Fine xbrd (31.6-35) Av 330 333 375

385

385 330
Coarse xbrd (>35 m) Av 345 347 374 258 374 258
Merino Av 1545 1545 1418 1335 1545 1120
Lambs (28-31 mic) Av 415 415 298 303 415 278
DAIRY ($/tonne)          
  Butter   9,570 8,718 8,473 7,527 9,570 7,001
  SMP   4,320 4,185 4,561

4,392

4,892 3,941
  WMP   5,490 5,123 5,247 4,973 5,490 4,304
  Cheddar   6,905 6,813 6,617 7,527 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 = $2.42
    * before retentions      

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