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