Meat and Wool Innovation - Economic Service
Key Annual Prices for Budgets
Note: These are NZ average prices for the season.
% changes are the best budget indicators to use for individual farm situations
See also the seasonal price variations in the "Price Trend Graphs" web page
Forecast prices are MWI Economic Service prices based on discussions with industry,
knowledge of past trends and current market conditions.  The 2003-04 forecast prices
were based on exchange rates of US $, 59 cents; UK Pence 36;  Euros 0.50 to the NZ dollar
Prices reviewed 23 June 2003
						%
Wool Clean, cents per Kg			2001-02	2002-03p	2003-04f	change
Fine	< 24 microns		1,113	1,480	1,350	-8.8%
Medium	25-31 microns		636	735	685	-6.8%
Strong	32 microns +		420	445	425	-4.5%
Lambs	all lambs wool		479	440	430	-2.3%
Prime Stock - Export Prices						%
$ Per head Lamb,  1 Kg Wool			2001-02	2002-03p	2003-04f	change
YM	15.5 Kg		66.76	60.00	56.90	-5.2%
All Grades			70.73	63.10	59.00	-6.5%
All Grades	AV. Kg		16.90	16.80	16.75	-0.3%
						%
$ Per head Mutton			2001-02	2002-03p	2003-04f	change
MX1	av 19.85 Kg		47.65	44.95	42.80	-4.8%
All Grades	av 23.50 Kg		51.90	49.55	46.95	-5.2%
						%
Per Kilogram Beef			2001-02	2002-03p	2003-04f	change
P Steer & Hfr	270.5-295 Kg		386.9	290.0	267.5	-7.8%
M Bull	270.5-295 Kg		385.4	279.0	255.9	-8.3%
M Cow	198 Kg [All]		316.5	208.0	185.0	-11.1%
p provisional
f forecast
Source:  MWI Economic Service