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Farm gate newsletter for June 24th

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 24th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   63 - 72     118 57
  SI   61 - 69     109 48
Prime NI   79 - 103     143 83
  SI   92 - 113     138 91
STEER (c/kg) 481-580 Lwt NI   276 - 283     327 246
Prime SI   278 - 295     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 87.44 86.28 103.19 111.36 86.28
  SI 83.94 83.36 83.36 99.15 107.03 82.72
Local trade (c/kg) NI 525 525 515 620 700 515
  (16-22kg) SI 510 500 520 600 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.95 75.60 79.38 60.90
(21.0kg MX1) SI 54.82 54.19 54.19 66.65 71.32 53.14
BEEF (c/kg)              
P2 steer NI 510 495 490 452 570 452
  (270-295kg) SI 495 480 457 418 527 418
M2 Bull NI 487 472 462 415 562 415
  (296-320kg) SI 462 452 428 377 507 377
Local Trade P2 NI 540 540 520 465 595 465
  (180-280kg) SI 520 510 490 440 540 440
VENISON ($/hd) gross              
  AP Stag 60kg NZ 386 376 376 370 464 370
               
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)   653 631 571 563 657 488
  Coarse Xbrd (>35 mic)   554 559 493 532 568 472
Lamb   733 691 657 533 739 493
               
DAIRY ($/tonne)              
  Butter   4,261 4,421 4,896 4,525 5,393 3,524
  Skimmilk powder   2,987 3,197 3,769 4,468 4,468 2,866
  Wholemilk powder   3,332 3,321 4,080 4,554 4,554 3,071
  Cheese - cheddar   5,026 4,744 4,634 5,327 5,327 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 = $4.92
    * before retentions      
Farms for sale   2,202 2,316 2,597 2,675    
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 »