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Farm gate newsletter for July 1st 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 1st, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   66 - 72     118 57
  SI   56 - 77     109 48
Prime NI   87 - 94     143 83
  SI   97 - 106     138 91
STEER (c/kg) 481-580 Lwt NI   283 - 286     327 246
Prime SI   282 - 300     298 239
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 86.86 86.28 103.19 111.36 86.28
  SI 84.53 83.36 83.36 99.15 107.03 82.72
Local trade (c/kg) NI 525 525 515 620 700 515
  (16-22kg) SI 530 500 530 600 670 500
MUTTON ($/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 520 490 492 457 570 457
  (270-295kg) SI 508 477 458 422 527 422
M2 Bull NI 502 467 467 415 562 415
  (296-320kg) SI 478 448 435 377 507 377
Local Trade P2 NI 540 540 530 475 595 475
  (180-280kg) SI 530 510 500 450 540 450
VENISON ($/hd) gross              
  AP Stag 60kg NZ 390 376 376 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1008 796 796 700 1013 691
  Fine Xbrd (31.6-35.0)   643 634 558 535 657 488
  Coarse Xbrd (>35 mic)   557 548 489 510 568 472
Lamb   707 693 644 533 739 493
               
DAIRY ($/tonne)              
  Butter   4,361 4,402 5,019 4,509 5,393 3,524
  Skimmilk powder   3,005 2,866 3,864 4,452 4,452 2,866
  Wholemilk powder   3,408 3,297 4,182 4,538 4,538 3,071
  Cheese - cheddar   4,947 4,765 4,751 5,308 5,308 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 = $4.85
    * before retentions      
Farms for sale   2,196 2,174 2,574 2,650    
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 »