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Farm gate newsletter for May the 6th

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 6th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   69 - 75     118 57
  SI   62 - 63     109 48
Prime NI   98 - 115     143 83
  SI   91 - 102     138 91
STEER (c/kg) 481-580 Lwt NI   276 - 284     327 229
Prime SI   266 - 267     298 217
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 87.44 86.28 88.61 99.11 111.36 86.28
  SI 83.36 83.36 85.69 93.61 107.03 82.78
Local trade (c/kg) NI 535 535 515 600 700 515
  (16-22kg) SI 520 530 510 570 670 510
MUTTON ($/hd) gross NI 61.95 61.95 65.73 73.92 79.38 60.90
(21.0kg MX1) SI 54.19 54.19 57.34 66.70 71.32 53.14
BEEF (c/kg)              
P2 steer NI 505 500 475 432 570 432
  (270-295kg) SI 487 467 467 397 527 397
M2 Bull NI 472 472 480 405 562 402
  (296-320kg) SI 458 438 453 370 507 370
Local Trade P2 NI 550 540 487 465 595 455
  (180-280kg) SI 510 500 490 410 540 410
VENISON ($/hd) gross              
  AP Stag 60kg NZ 376 376 378 370 464 370
               
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)   568 562 540 518 593 488
  Coarse Xbrd (>35 mic)   500 490 493 491 568 472
Lamb   648 643 642 509 664 493
               
DAIRY ($/tonne)              
  Butter   4,445 4,607 4,939 4,664 5,393 3,524
  Skimmilk powder   3,118 3,579 3,395 4,837 4,837 3,069
  Wholemilk powder   3,450 3,679 3,599 4,995 4,995 3,071
  Cheese - cheddar   4,644 4,706 5,024 5,528 5,528 4,568
               
  Fonterra milk price   2013/14 final $8.40* 2014/15 forecast $4.50*
  Fonterra dividend   2013/14 final $0.10 2014/15 forecast $0.20-.30
  Fonterra wet share price   $7.92 NZX FCG = $5.29
    * before retentions      
Farms for sale   2,378 2,550 2,604 2,853    
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 »