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Farm gate newsletter for August 12th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 12th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   82 - 88     118 57
  SI   66 - 104     109 48
Prime NI   107 - 114     143 83
  SI   113 - 116     138 91
STEER (c/kg) 481-580 Lwt NI   307 - 319     327 246
Prime SI   313 - 324     318 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 90.94 86.86 87.44 102.61 111.36 86.28
  SI 91.53 86.86 83.36 99.73 107.03 82.72
Local trade (c/kg) NI 555 525 525 630 700 515
  (16-22kg) SI 550 540 510 620 670 500
MUTTON ($/hd) gross NI 64.47 61.95 61.95 74.97 79.38 60.90
(21.0kg MX1) SI 55.87 55.45 54.19 65.65 71.32 53.14
BEEF (c/kg)              
P2 steer NI 593 542 505 470 593 470
  (270-295kg) SI 568 522 487 432 568 440
M2 Bull NI 578 527 477 455 578 447
  (296-320kg) SI 512 485 455 380 512 380
Local Trade P2 NI 590 550 540 495 595 487
  (180-280kg) SI 590 550 510 480 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 425 400 376 388 464 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1055 1008 796 755 1055 734
  Fine Xbrd (31.6-35.0)   668 625 613 578 668 518
  Coarse Xbrd (>35 mic)   578 551 544 541 578 472
Lamb   707 707 685 531 739 531
               
DAIRY ($/tonne)              
  Butter   4,002 4,326 4,547 4,259 5,393 3,524
  Skimmilk powder   2,305 2,878 3,190 4,391 4,391 2,305
  Wholemilk powder   2,630 3,175 3,529 4,022 4,739 2,630
  Cheese - cheddar   4,421 4,791 4,751 5,264 5,264 4,421
               
  Fonterra milk price   2014/15 forecast $4.40* 2015/16 forecast $3.85*
  Fonterra dividend   2014/15 forecast $0.20 - $0.30 2015/16 forecast $0.40 - $0.50c
  Fonterra wet share price   $7.92 NZX FCG = $4.83
    * before retentions      
Farms for sale   1,991 2,116 2,346 2,519    
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 »