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Farm gate newsletter for June 10th

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 10th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   58 - 68     118 57
  SI   54 - 67     109 48
Prime NI   89 - 101     143 83
  SI   93 - 94     138 91
STEER (c/kg) 481-580 Lwt NI   269 - 278     327 235
Prime SI   273 - 290     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 87.44 86.28 103.19 111.36 86.28
  SI 83.88 83.36 83.36 98.57 107.03 82.72
Local trade (c/kg) NI 525 525 515 620 700 515
  (16-22kg) SI 500 510 520 585 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.32 74.55 79.38 60.90
(21.0kg MX1) SI 54.19 54.19 53.14 67.33 71.32 53.14
BEEF (c/kg)              
P2 steer NI 490 505 475 452 570 452
  (270-295kg) SI 482 487 450 408 527 408
M2 Bull NI 467 477 447 415 562 415
  (296-320kg) SI 448 455 425 373 507 373
Local Trade P2 NI 540 540 487 465 595 465
  (180-280kg) SI 520 510 470 430 540 430
VENISON ($/hd) gross              
  AP Stag 60kg NZ 378 376 377 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1031 796 796 715 1013 691
  Fine Xbrd (31.6-35.0)   657 613 537 563 657 488
  Coarse Xbrd (>35 mic)   563 544 489 532 568 472
Lamb   739 685 641 541 739 493
               
DAIRY ($/tonne)              
  Butter   4,472 4,510 5,402 4,560 5,393 3,524
  Skimmilk powder   2,912 3,164 3,941 4,516 4,516 2,866
  Wholemilk powder   3,350 3,500 4,739 4,619 4,619 3,071
  Cheese - cheddar   4,841 4,712 4,927 5,414 5,414 4,568
               
  Fonterra milk price   2014/15 forecast $4.40* 2015/16 forecast $5.25*
  Fonterra dividend   2014/15 forecast $0.20 - $0.30 2015/16 forecast 
  Fonterra wet share price   $7.92 NZX FCG = $4.71
    * before retentions      
Farms for sale   2,147 2,346 2,590 2,722    
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 »