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Farm gate newsletter for June 3rd

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 3rd, 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   95 - 100     143 83
  SI   97 - 98     138 91
STEER (c/kg) 481-580 Lwt NI   274 - 276     327 235
Prime SI   274 - 280     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 87.44 86.28 102.61 111.36 86.28
  SI 82.72 83.36 82.78 97.69 107.03 82.72
Local trade (c/kg) NI 525 535 515 610 700 515
  (16-22kg) SI 500 520 520 585 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.32 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 490 505 470 447 570 442
  (270-295kg) SI 477 487 450 405 527 405
M2 Bull NI 467 477 447 410 562 410
  (296-320kg) SI 448 458 428 370 507 370
Local Trade P2 NI 540 550 487 465 595 465
  (180-280kg) SI 510 510 470 430 540 430
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)   796 796 796 715 800 691
  Fine Xbrd (31.6-35.0)   634 568 557 544 634 488
  Coarse Xbrd (>35 mic)   548 500 496 511 568 472
Lamb   693 648 651 529 693 493
               
DAIRY ($/tonne)              
  Butter   4,483 4,401 5,126 4,649 5,393 3,524
  Skimmilk powder   2,919 3,087 3,595 4,663 4,663 2,866
  Wholemilk powder   3,358 3,416 4,260 4,870 4,870 3,071
  Cheese - cheddar   4,853 4,598 4,926 5,448 5,462 4,568
               
  Fonterra milk price   2013/14 final $8.40* 2014/15 forecast $4.40*
  Fonterra dividend   2013/14 final $0.10 2014/15 forecast $0.20 - 0.30
  Fonterra wet share price   $7.92 NZX FCG = $4.82
    * before retentions      
Farms for sale   2,174 2,378 2,578 2,717    
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 »