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Farm gate newsletter for June 17th

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 17th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   63 - 75     118 57
  SI   54 - 73     109 48
Prime NI   92 - 100     143 83
  SI   93 - 100     138 91
STEER (c/kg) 481-580 Lwt NI   267 - 281     327 246
Prime SI   279 - 280     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 87.44 86.28 103.19 111.36 86.28
  SI 83.94 83.36 83.36 99.15 107.03 82.72
Local trade (c/kg) NI 525 525 515 620 700 515
  (16-22kg) SI 500 500 520 585 670 500
MUTTON ($/hd) gross NI 61.95 61.95 60.90 74.55 79.38 60.90
(21.0kg MX1) SI 54.82 54.19 53.14 67.33 71.32 53.14
BEEF (c/kg)              
P2 steer NI 500 500 475 452 570 452
  (270-295kg) SI 488 483 450 418 527 418
M2 Bull NI 477 477 447 415 562 415
  (296-320kg) SI 455 455 425 377 507 377
Local Trade P2 NI 540 540 510 465 595 465
  (180-280kg) SI 520 510 480 430 540 430
VENISON ($/hd) gross              
  AP Stag 60kg NZ 386 376 377 370 464 370
               
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)   653 619 549 563 657 488
  Coarse Xbrd (>35 mic)   554 543 499 532 568 472
Lamb   733 678 659 533 739 493
               
DAIRY ($/tonne)              
  Butter   4,178 4,365 5,393 4,466 5,393 3,524
  Skimmilk powder   2,928 3,011 3,934 4,422 4,473 2,866
  Wholemilk powder   3,267 3,278 4,731 4,523 4,559 3,071
  Cheese - cheddar   4,928 4,684 4,918 5,301 5,301 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 = $4.60
    * before retentions      
Farms for sale   2,201 2,329 2,597 2,700    
Farm prices per hectare - (REINZ)   $28,563 $28,6687 $28,009 $24,574    

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