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Farm gate newsletter for May the 27th

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 27th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   69 - 75     118 57
  SI   55 - 70     109 48
Prime NI   96 - 100     143 83
  SI   98 - 99     138 91
STEER (c/kg) 481-580 Lwt NI   279 - 280     327 235
Prime SI   268 - 280     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 87.44 87.44 86.28 102.32 111.36 86.28
  SI 83.36 83.36 83.36 97.11 107.03 82.78
Local trade (c/kg) NI 525 535 515 600 700 515
  (16-22kg) SI 500 530 520 575 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.74 73.92 79.38 60.90
(21.0kg MX1) SI 54.19 54.19 53.77 66.70 71.32 53.14
BEEF (c/kg)              
P2 steer NI 495 510 470 447 570 442
  (270-295kg) SI 480 487 450 405 527 405
M2 Bull NI 472 482 450 410 562 410
  (296-320kg) SI 452 458 430 370 507 370
Local Trade P2 NI 540 550 487 465 595 465
  (180-280kg) SI 510 510 470 420 540 420
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)   631 570 556 542 631 488
  Coarse Xbrd (>35 mic)   559 503 495 514 568 472
Lamb   691 654 650 538 691 493
               
DAIRY ($/tonne)              
  Butter   4,463 4,416 5,112 4,590 5,393 3,524
  Skimmilk powder   3,078 3,197 3,585 4,604 4,663 3,011
  Wholemilk powder   3,147 3,542 4,249 4,808 4,870 3,071
  Cheese - cheddar   4,789 4,614 4,913 5,379 5,462 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 - 0.30
  Fonterra wet share price   $7.92 NZX FCG = $4.94
    * before retentions      
Farms for sale   2,316 2,412 2,611 2,745    
Farm prices per hectare - (REINZ)   $28,668 $27,957 $27,997 $24,574    

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