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Farm gate newsletter for July 15th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 15th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   69 - 77     118 57
  SI   69 - 76     109 48
Prime NI   103 - 104     143 83
  SI   90 - 96     138 91
STEER (c/kg) 481-580 Lwt NI   283 - 285     327 246
Prime SI   286 - 302     298 239
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 86.86 86.28 103.19 111.36 86.28
  SI 86.86 83.94 83.94 99.73 107.03 82.72
Local trade (c/kg) NI 525 525 535 630 700 515
  (16-22kg) SI 5430 500 540 610 670 500
MUTTON ($/hd) gross NI 61.95 61.95 61.95 76.23 79.38 60.90
(21.0kg MX1) SI 55.45 54.82 54.19 65.65 71.32 53.14
BEEF (c/kg)              
P2 steer NI 542 500 505 463 570 463
  (270-295kg) SI 522 488 477 428 527 428
M2 Bull NI 527 477 477 415 562 415
  (296-320kg) SI 485 455 448 377 507 377
Local Trade P2 NI 550 540 540 485 595 485
  (180-280kg) SI 550 520 510 470 540 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 400 386 376 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1008 1013 796 700 1013 691
  Fine Xbrd (31.6-35.0)   625 653 563 539 657 488
  Coarse Xbrd (>35 mic)   551 554 493 509 568 472
Lamb   707 733 643 531 739 493
               
DAIRY ($/tonne)              
  Butter   4,359 4,178 4,625 4,200 5,393 3,524
  Skimmilk powder   2,899 2,928 3,594 4,427 4,427 2,866
  Wholemilk powder   3,175 3,267 3,694 4,213 4,213 3,071
  Cheese - cheddar   4,827 4,914 4,725 5,165 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 = $4.78
    * before retentions      
Farms for sale   2,116 2,201 2,482 2,600    
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 »