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Farm gate newsletter for July 29th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 29th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   76 - 87     118 57
  SI   83 - 84     109 48
Prime NI   94 - 110     143 83
  SI   107 - 111     138 91
STEER (c/kg) 481-580 Lwt NI   299 - 319     327 246
Prime SI   310 - 318     303 239
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.19 86.86 87.44 102.32 111.36 86.28
  SI 89.19 84.53 83.36 99.44 107.03 82.72
Local trade (c/kg) NI 535 525 535 630 700 515
  (16-22kg) SI 550 530 530 610 670 500
MUTTON ($/hd) gross NI 62.37 61.95 61.95 77.07 79.38 60.90
(21.0kg MX1) SI 55.24 54.82 54.19 68.38 71.32 53.14
BEEF (c/kg)              
P2 steer NI 575 520 510 463 570 463
  (270-295kg) SI 547 508 487 428 527 428
M2 Bull NI 557 502 482 455 562 455
  (296-320kg) SI 495 478 458 380 507 380
Local Trade P2 NI 570 540 550 485 595 485
  (180-280kg) SI 570 530 510 470 540 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 411 390 376 374 464 374
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1008 1008 796 691 1013 691
  Fine Xbrd (31.6-35.0)   638 643 570 539 657 518
  Coarse Xbrd (>35 mic)   566 557 503 505 568 472
Lamb   707 707 654 531 739 618
               
DAIRY ($/tonne)              
  Butter   4,262 4,318 4,385 4,212 5,393 3,524
  Skimmilk powder   2,603 2,976 3,174 4,343 4,393 2,603
  Wholemilk powder   2,847 3,375 3,517 4,095 4,095 2,847
  Cheese - cheddar   4,828 4,947 4,582 5,236 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 = $4.62
    * before retentions      
Farms for sale   2,041 2,196 2,412 2,586    
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 »