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Farm gate newsletter for September 2nd 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sepember 2nd 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   64 - 100     118 57
  SI   71 - 87     107 48
Prime NI   119 - 126     143 83
  SI   125 - 122     138 91
STEER (c/kg) 481-580 Lwt NI   304 - 312     327 246
Prime SI   315 - 320     313 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 94.44 89.19 86.86 103.19 111.36 86.28
  SI 94.73 90.36 83.36 99.73 107.03 82.72
Local trade (c/kg) NI 585 545 525 630 700 515
  (16-22kg) SI 550 550 500 620 670 500
MUTTON ($/hd) gross NI 64.47 63.00 61.95 73.50 79.38 60.90
(21.0kg MX1) SI 55.87 55.87 54.19 62.50 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 580 490 485 603 470
  (270-295kg) SI 575 557 477 455 575 440
M2 Bull NI 567 472 467 470 582 447
  (296-320kg) SI 505 505 448 405 515 405
Local Trade P2 NI 600 580 540 515 600 487
  (180-280kg) SI 590 580 510 490 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 415 376 415 479 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1041 1035 796 744 1055 734
  Fine Xbrd (31.6-35.0)   664 657 634 571 684 518
  Coarse Xbrd (>35 mic)   576 572 548 539 581 472
Lamb   707 707 693 531 739 531
               
DAIRY ($/tonne)              
  Butter   4,298 4,295 4,483 3,771 5,393 3,524
  Skimmilk powder   2,453 2,623 2,919 3,652 3,941 2,291
  Wholemilk powder   2,905 2,869 3,358 3,592 4,739 2,614
  Cheese - cheddar   4,730 4,865 4,853 4,770 5,180 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 = $4.88
    * before retentions      
Farms for sale   1,976 2,019 2,174 2,550    
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 »