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Farm gate newsletter for August 26th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 26th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   74 - 93     118 57
  SI   71 - 83     107 48
Prime NI   112 - 117     143 83
  SI   115 - 116     138 91
STEER (c/kg) 481-580 Lwt NI   305 - 312     327 246
Prime SI   291 - 315     313 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 92.98 89.19 87.44 103.19 111.36 86.28
  SI 93.28 89.19 83.36 99.73 107.03 82.72
Local trade (c/kg) NI 575 535 525 630 700 515
  (16-22kg) SI 550 550 500 620 670 500
MUTTON ($/hd) gross NI 64.47 62.37 61.95 73.5 79.38 60.90
(21.0kg MX1) SI 55.87 55.24 54.19 62.5 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 575 495 485 603 470
  (270-295kg) SI 575 547 480 442 575 440
M2 Bull NI 577 557 472 462 582 447
  (296-320kg) SI 512 495 452 385 515 383
Local Trade P2 NI 600 570 540 515 600 487
  (180-280kg) SI 590 570 510 490 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 453 411 376 412 464 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1053 1008 796 751 1055 734
  Fine Xbrd (31.6-35.0)   683 638 631 565 684 518
  Coarse Xbrd (>35 mic)   576 566 559 532 581 472
Lamb   707 707 691 531 739 531
               
DAIRY ($/tonne)              
  Butter   4,203 4,273 4,463 4,040 5,393 3,524
  Skimmilk powder   2,399 2,609 3,078 4,191 4,191 2,291
  Wholemilk powder   2,841 2,854 3,352 3,620 4,739 2,614
  Cheese - cheddar   4,625 4,840 4,789 5,047 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 = $4.80
    * before retentions      
Farms for sale   1,975 2,041 2,316 2,560    
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 »