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Farm gate newsletter for July 8th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 8th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   56 - 69     118 57
  SI   70 - 75     109 48
Prime NI   88 - 99     143 83
  SI   96 - 99     138 91
STEER (c/kg) 481-580 Lwt NI   283 - 284     327 246
Prime SI   276 - 313     298 239
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 86.86 86.28 103.19 111.36 86.28
  SI 86.86 83.94 83.36 99.44 107.03 82.72
Local trade (c/kg) NI 525 525 535 620 700 515
  (16-22kg) SI 530 500 530 600 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.95 75.60 79.38 60.90
(21.0kg MX1) SI 55.45 54.19 54.19 68.38 71.32 53.14
BEEF (c/kg)              
P2 steer NI 533 490 500 457 570 457
  (270-295kg) SI 518 482 467 422 527 422
M2 Bull NI 512 467 472 415 562 415
  (296-320kg) SI 482 448 438 377 507 377
Local Trade P2 NI 540 540 540 480 595 480
  (180-280kg) SI 530 520 500 460 540 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 392 378 376 370 464 370
               
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)   643 653 563 535 657 488
  Coarse Xbrd (>35 mic)   557 554 493 510 568 472
Lamb   707 733 643 533 739 493
               
DAIRY ($/tonne)              
  Butter   4,456 4,468 4,607 4,195 5,393 3,524
  Skimmilk powder   3,070 2,909 3,579 4,421 4,427 2,866
  Wholemilk powder   3,482 3,346 3,679 4,208 4,213 3,071
  Cheese - cheddar   5,055 4,837 4,706 5,158 5,267 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 = $4.83
    * before retentions      
Farms for sale   2,157 2,147 2,550 2,625    
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 »