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Farm gate newsletter for July 22nd 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 22nd, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   70 - 83     118 57
  SI   73 - 83     109 48
Prime NI   99 - 102     143 83
  SI   103 - 115     138 91
STEER (c/kg) 481-580 Lwt NI   293 - 295     327 246
Prime SI   296 - 307     298 239
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 88.61 86.86 86.28 102.61 111.36 86.28
  SI 88.61 83.94 83.36 99.15 107.03 82.72
Local trade (c/kg) NI 525 525 535 630 700 515
  (16-22kg) SI 540 510 540 610 670 500
MUTTON ($/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 562 510 510 463 570 463
  (270-295kg) SI 535 495 480 428 527 428
M2 Bull NI 542 487 482 455 562 455
  (296-320kg) SI 492 462 452 380 507 380
Local Trade P2 NI 560 540 540 485 595 485
  (180-280kg) SI 560 520 510 470 540 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 410 386 376 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1008 1013 796 691 1013 691
  Fine Xbrd (31.6-35.0)   635 653 560 544 657 488
  Coarse Xbrd (>35 mic)   561 554 493 504 568 472
Lamb   707 733 643 531 739 493
               
DAIRY ($/tonne)              
  Butter   4,415 4,261 4,372 4,151 5,393 3,524
  Skimmilk powder   2,937 2,987 3,165 4,280 4,391 2,866
  Wholemilk powder   3,240 3,332 3,507 4,036 4,095 3,071
  Cheese - cheddar   4,890 5,026 4,570 5,160 5,264 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 = $4.68
    * before retentions      
Farms for sale   2,108 2,202 2,449 2,590    
Farm prices per hectare - (REINZ)   $29,141 $28,563 $27,957 $26,612    

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