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Farm gate newsletter for February 15th - 2020

News and analysis

LATEST MARKET PRICES

as at February 15th -2020

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   75 -100 88   177 10
  SI   90 -105 98   170 20
Prime NI   120 -158 145   250 85
  SI   124 - 167 154   286 95
STEER (c/kg) 481-580 Lwt NI   232 - 247 240   336 240
Prime SI  

166 -215

191

  341 191
               
    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 122 133 156 122 156 119.48
  SI 116 130 150

114

150 112.66
Local trade (c/kg) NI 720 800 870 710 870 700
  (16-22kg) SI 730 810 880 720 880 700
MUTTON ($/hd) gross NI 101 114 131 107 134 96.11
(21.0kg MX1) SI 95 112 133 103 136 95
BEEF (c/kg)              
P2 steer NI 473 528 610 513 615 473
  (270-295kg) SI 452 503 590

476

595 452
M2 Bull NI 480 530 610 465 618 460
  (296-320kg) SI 432 490 553 448

575

432
Local Trade P2 NI 518 568 618 533 618 518
  (180-280kg) SI 520 570 600 530 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 478 503 541 571 592 478
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

998

1019 987

878

1193 866
  Fine Xbrd (31.6-35.0)   317

367

419

327

550 317
  Coarse Xbrd (>35 mic)   262 283 311 288 364 262
 Merino   2070 2114 2160

2387

2428 1588
Lambs wool  (28-31 micron)   348 492

621

607

648 348
DAIRY ($/tonne)              
  Butter  

6,612

6,094

6,430 6,637 8,419 5,669
  Skim milk powder   4,514 4,577 4,567 3,960 4,707 2,506
  Wholemilk powder   4,719

4,764

5,082

4,100

5,182 3,911
  Cheese - cheddar   6,680 6,072 5,636

5,280

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 = $3.88
    * before retentions      

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