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Farm gate newsletter for February 2nd - 2020

News and analysis

LATEST MARKET PRICES

as at February 2nd -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   80 -108 89   177 10
  SI   99 -120 108   170 20
Prime NI   123 -179 161   250 85
  SI   120 - 190 170   286 95
STEER (c/kg) 481-580 Lwt NI   250 - 272 261   336 258
Prime SI  

248 -250

249

  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 128.5 138 156 123 156 119.48
  SI 123.5 134 150

117

150 112.66
Local trade (c/kg) NI 760 820 870 730 870 700
  (16-22kg) SI 790 840 880 740 880 700
MUTTON ($/hd) gross NI 105 119 131 108 134 96.11
(21.0kg MX1) SI 102 117 130 105 136 99.17
BEEF (c/kg)              
P2 steer NI 503 548 605 533 615 503
  (270-295kg) SI 475 533 600

491

595 471.25
M2 Bull NI 508 553 595 480 618 460
  (296-320kg) SI 466 512 540 463

575

440
Local Trade P2 NI 548 600 618 543 618 518
  (180-280kg) SI 550 580 600 530 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 496 503 559 587 592 501
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

998

1019 987

1077

1193 866
  Fine Xbrd (31.6-35.0)   342

377

425

432

550 326
  Coarse Xbrd (>35 mic)   275 289 313 289 364 275
 Merino   2070 2114 2056

2428

2428 1588
Lambs wool  (28-31 micron)   387 648

 

607

648 387
DAIRY ($/tonne)              
  Butter  

6,574

5,884

6,377 6,383 8,419 5,669
  Skim milk powder   4,696 4,347 4,261 3,934 4,707 2,506
  Wholemilk powder   5,001

4,699

4,867

4,156

5,182 3,911
  Cheese - cheddar   6,261 5,865 5,649

5,269

6,472 4,853
               
  Fonterra milk price   2018/19 final $6.35 2019/20 forecast $7.00 -$7.60*
  Fonterra dividend   2017/18 final $0.10 2019/20 forecast $0.15 - $0.25
  Fonterra wet share price     NZX FCG = $4.01
    * before retentions      

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