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Farm gate newsletter for May 17th - 2020

News and analysis

LATEST MARKET PRICES

as May 17th -2020

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store   N.B. Livestock saleyard and wool auction prices remain unchanged during lock down NI   80 -95 86   177 10
  SI   85 -106 94   170 20
Prime NI   120 - 142 130   250 85
  SI   120 - 162 138   286 95
STEER (c/kg) 481-580 Lwt NI   216 -255 240   336 240
Prime SI  

205 - 230

214

  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

116.69

114 122 133 156 114
  SI 109.73 110 116

121

150 110
Local trade (c/kg) NI 670 670 700 740 870 670
  (16-22kg) SI 650 650 710 700 880 650
MUTTON ($/hd) gross NI 100 101 101 111 134 96.11
(21.0kg MX1) SI 93 93 95 107 136 92
BEEF (c/kg)              
P2 steer NI 473 463 473 530 615 463
  (270-295kg) SI 440 431 452

480

595 431
M2 Bull NI 475 463 480 490 618 463
  (296-320kg) SI 405 402 432 448

577

402
Local Trade P2 NI 488 488 498 558 618 478
  (180-280kg) SI 470 470 500

540

600

470

VENISON ($/hd) gross              
  AP Stag 60kg NZ 315 420 478

535

592 315
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)  

805

805 1019

1025

1317 805
  Fine Xbrd (31.6-35.0)   278

286

352

484

550 277
  Coarse Xbrd (>35 mic)   251 251 277 331 364 251
 Merino   2550 2550 2114

2291

2550 1588
Lambs wool  (28-31 micron)   288 288

495

567

648 288
DAIRY ($/tonne)              
  Butter  

6,517

7,087

6,112 7,403 8,419 5,669
  Skim milk powder   3,999 4,180 4,514 3,753 4,707 2,506
  Wholemilk powder   4,626

4,688

4,719

4,834

5,182 3,911
  Cheese - cheddar  

6,935

7,307 6,680

6,085

7,284 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 = $3.61

    * before retentions      

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