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Farm gate newsletter for August 19th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 19th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   78 - 89     118 57
  SI   66 - 104     109 48
Prime NI   103 - 114     143 83
  SI   113 - 116     138 91
STEER (c/kg) 481-580 Lwt NI   298 - 319     327 246
Prime SI   302 - 324     318 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 91.23 88.61 87.44 102.61 111.36 86.28
  SI 91.82 88.61 83.36 99.73 107.03 82.72
Local trade (c/kg) NI 565 525 525 630 700 515
  (16-22kg) SI 550 540 500 620 670 500
MUTTON ($/hd) gross NI 64.47 61.95 61.95 74.13 79.38 60.90
(21.0kg MX1) SI 55.87 55.45 54.19 63.97 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 562 500 482 603 470
  (270-295kg) SI 575 535 483 440 575 440
M2 Bull NI 582 542 477 460 582 447
  (296-320kg) SI 515 492 455 383 515 383
Local Trade P2 NI 600 560 540 495 600 487
  (180-280kg) SI 590 5650 510 490 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 437 410 376 397 464 376
               
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)   664 635 619 573 684 518
  Coarse Xbrd (>35 mic)   581 561 543 540 581 472
Lamb   707 707 678 531 739 531
               
DAIRY ($/tonne)              
  Butter   3,978 4,458 4,428 3,973 5,393 3,524
  Skimmilk powder   2,391 2,965 3,054 4,120 4,191 2,291
  Wholemilk powder   2,614 3,272 3,326 3,559 4,739 2,614
  Cheese - cheddar   4,395 4,737 4,751 4,963 5,264 4,395
               
  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 = $4.95
    * before retentions      
Farms for sale   1,988 2,108 2,329 2,518    
Farm prices per hectare - (REINZ)   $27,800 $29,141 $28,668 $26,680    

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