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Farm gate newsletter for July 8th - 2019

News and analysis

LATEST MARKET PRICES

as at July 8th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   122 -123 122.50   177 10
  SI   117 -135 128   170 20
Prime NI   136 - 210 185   234 85
  SI   140 - 220 189   230 95
STEER (c/kg) 481-580 Lwt NI   287 - 294 291.3   336 258
Prime SI  

 262 -280

271   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 139 132.88 120.63 132.56 146 119.48
  SI 131.52 124.74 113.14

131.13

136.72 112.66
Local trade (c/kg) NI 790 770 740 765 835 700
  (16-22kg) SI 770 740 700 770 840 700
MUTTON ($/hd) gross NI 114.14 113.09 104.16 107.84 113.09 96.11
(21.0kg MX1) SI 113.61 112.04 100.75 109.41 112.82 99.17
BEEF (c/kg)              
P2 steer NI 555 540 520 537.50 580 505
  (270-295kg) SI 513.75 482.5 478.75 508.75 539 471.25
M2 Bull NI 527.50 502.50 475 502.5 520 460
  (296-320kg) SI 473.75 461.25 447.5 475 488 440
Local Trade P2 NI 568 548 548 540 610 518
  (180-280kg) SI 550 530 500 530 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 534 535 542 654 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1083 1141 953 878 1557 751
  Fine Xbrd (31.6-35.0)   541 482 476 410 496 302
  Coarse Xbrd (>35 mic)   328 319 309 338 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,548

8,104 7,850 7,997 8,419 5,703
  Skim milk powder   3,667 3,869 3,814 3.059 4.202 2,506
  Wholemilk powder   4,480 4,865 5,036 4,754 5,063 3,911
  Cheese - cheddar   5,668 7,422 6,146 5.749 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 = $3.69
    * before retentions      

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