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Farm gate newsletter for February 8th - 2020

News and analysis

LATEST MARKET PRICES

as at February 8th -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   87 -110 96   177 10
  SI   110 110   170 20
Prime NI   122 -174 158   250 85
  SI   120 - 168 155   286 95
STEER (c/kg) 481-580 Lwt NI   246 - 254 250   336 250
Prime SI  

235 -240

238

  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 125 136 156 122 156 119.48
  SI 119 132 150

116

150 112.66
Local trade (c/kg) NI 740 810 870 720 870 700
  (16-22kg) SI 750 820 860 730 880 700
MUTTON ($/hd) gross NI 102 117 131 108 134 96.11
(21.0kg MX1) SI 97 114 132 104 136 99.17
BEEF (c/kg)              
P2 steer NI 488 540 605 523 615 488
  (270-295kg) SI 465 521 565

486

595 465
M2 Bull NI 495 540 600 470 618 460
  (296-320kg) SI 445 501 547 455

575

440
Local Trade P2 NI 538 600 618 535 618 518
  (180-280kg) SI 540 580 600 530 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 485 503 549 575 592 485
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

998

1019 987

866

1193 866
  Fine Xbrd (31.6-35.0)   342

377

425

432

550 326
  Coarse Xbrd (>35 mic)   267 289 313 289 364 275
 Merino   2070 2114 2056

2387

2428 1588
Lambs wool  (28-31 micron)   359 523

648

607

648 359
DAIRY ($/tonne)              
  Butter  

6,651

5,884

6,501 6,383 8,419 5,669
  Skim milk powder   4,542 4,352 4,617 3,934 4,707 2,506
  Wholemilk powder   4,748

4,703

5,138

4,156

5,182 3,911
  Cheese - cheddar   6,722 5,869 5,699

5,269

6,722 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 = $3.86
    * before retentions      

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