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Farm gate newsletter for July 20th - 2019

News and analysis

LATEST MARKET PRICES

as at July 20th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   114 -148 125   177 10
  SI   121 -142 131   170 20
Prime NI   134 - 218 180   234 85
  SI   130 - 220 189   230 95
STEER (c/kg) 481-580 Lwt NI   288 - 310 297   336 258
Prime SI  

 266 -292

276   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 141.63 135.50 126.31 136.81 146 119.48
  SI 132.83 128.89 115.99

132.34

136.72 112.66
Local trade (c/kg) NI 800 790 740 785 835 700
  (16-22kg) SI 780 760 700 800 840 700
MUTTON ($/hd) gross NI 115.19 113.09 107.84 111.51 115.19 96.11
(21.0kg MX1) SI 115.19 112.56 102.59 110.79 115.19 99.17
BEEF (c/kg)              
P2 steer NI 563 540 530 548 580 505
  (270-295kg) SI 518 498 478. 514 539 471.25
M2 Bull NI 528 515 490 518 520 460
  (296-320kg) SI 478 468 448 483 488 440
Local Trade P2 NI 588 568 548 550 610 518
  (180-280kg) SI 560 550 500 560 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 532 535 539 656 689 532
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1126 1193 1025 878 1557 751
  Fine Xbrd (31.6-35.0)   527 479 496 361 531 302
  Coarse Xbrd (>35 mic)   319 333 331 325 352 280
 Merino   2428 1847 2291 2340 2468 1588
Lambs wool  (28-31 micron)   525 511

560

588

620 425
DAIRY ($/tonne)              
  Butter  

6,517

6,909 8,228 8.062 8,419 5,703
  Skim milk powder   3,705 3,578 3,984 3.084 4.202 2,506
  Wholemilk powder   4,547 4,561 5,063 4,793 5,063 3,911
  Cheese - cheddar   5,723 5,737 6,441 5.796 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 = $3.83
    * before retentions      

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