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Farm gate newsletter for April the 22nd

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 22nd, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   66 - 74     118 57
  SI   51 - 79     109 48
Prime NI   96 - 110     143 83
  SI   91 - 92     138 91
STEER (c/kg) 481-580 Lwt NI   284 - 285     327 215
Prime SI   251 - 267     298 209
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.28 86.28 91.53 94.73 111.36 86.28
  SI 83.36 83.36 88.32 90.69 107.03 82.78
Local trade (c/kg) NI 535 515 550 575 700 515
  (16-22kg) SI 540 520 535 570 670 510
MUTTON ($/hd) gross NI 61.95 61.95 67.83 73.92 79.38 60.90
(21.0kg MX1) SI 54.19 54.19 61.54 66.70 71.32 53.14
BEEF (c/kg)              
P2 steer NI 510 490 485 405 570 427
  (270-295kg) SI 480 457 480 388 527 397
M2 Bull NI 482 462 490 375 562 375
  (296-320kg) SI 452 428 467 370 507 370
Local Trade P2 NI 540 520 527 445 595 445
  (180-280kg) SI 510 490 500 410 540 410
VENISON ($/hd) gross              
  AP Stag 60kg NZ 376 376 377 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   796 796 796 730 800 691
  Fine Xbrd (31.6-35.0)   560 571 518 508 593 488
  Coarse Xbrd (>35 mic)   493 493 472 482 568 472
Lamb   643 657 618 493 664 493
               
DAIRY ($/tonne)              
  Butter   4,374 5,056 4,626 4,812 5,393 3,524
  Skimmilk powder   3,166 3,892 3,084 5,115 4,879 3,069
  Wholemilk powder   3,508 4,213 3,148 5,057 5,038 3,071
  Cheese - cheddar   4,570 4,786 4,755 5,739 5,576 4,568
               
  Fonterra milk price   2013/14 final $8.40* 2014/15 forecast $4.70*
  Fonterra dividend   2013/14 final $0.10 2014/15 forecast $0.20-.30
  Fonterra wet share price   $7.92 NZX FCG = $5.35
    * before retentions      
Farms for sale   2,449 2,597 2,593 2,914    
Farm prices per hectare - (REINZ)   $27,957 $28,009 $28,781 $22,342    

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