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Farm gate newsletter for June 15th - 2019

News and analysis

LATEST MARKET PRICES

as at June 15th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   77 -131 108.30   177 10
  SI   105 - 130 113.25   170 20
Prime NI   144 - 170 158   234 85
  SI   130 - 228 178   230 95
STEER (c/kg) 481-580 Lwt NI   261 - 307 229   336 258
Prime SI  

 245

272   341 220
               
    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 134.63 132.88 119.75 130.81 146 119.48
  SI 127.14 121.24 113.14

128.94

136.72 112.66
Local trade (c/kg) NI 780 740 700 750 835 700
  (16-22kg) SI 740 710 700 750 840 700
MUTTON ($/hd) gross NI 113.09 110.99 105.74 105.74 113.09 96.11
(21.0kg MX1) SI 112.56 105.74 101.80 107.84 112.82 99.17
BEEF (c/kg)              
P2 steer NI 540 530 505 523 580 505
  (270-295kg) SI 483 480 474 503 539 471.25
M2 Bull NI 503 490 460 495 520 460
  (296-320kg) SI 461 448 440 473 488 440
Local Trade P2 NI 548 548 518 540 610 518
  (180-280kg) SI 530 515 500 530 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 535 535 553 651 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1193 1182 921 878 1557 751
  Fine Xbrd (31.6-35.0)   480 518 488 345 496 302
  Coarse Xbrd (>35 mic)   327 364 318 343 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   547 569

504

588

620 425
DAIRY ($/tonne)              
  Butter   7403 8,419 6,906 8,484 8,419 5,703
  Skim milk powder   3,753 3,869 4,202 3.307 4.202 2,506
  Wholemilk powder   4,834 4,986 4,787 4,817 5,063 3,911
  Cheese - cheddar   6,085 6,472 5,992 5,896 6,472 4,853
               
  Fonterra milk price   2017/18 final $6.69 2018/19 forecast $6.30 -$6.40*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.10 - 15c
  Fonterra wet share price     NZX FCG = $3.90
    * before retentions      

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