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Farm gate newsletter for September 9th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sepember 9th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 100     118 57
  SI   81 - 92     107 48
Prime NI   115 - 120     143 83
  SI   121 - 122     138 91
STEER (c/kg) 481-580 Lwt NI   308 - 316     327 246
Prime SI   309 - 326     319 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 97.07 90.94 86.86 103.19 111.36 86.28
  SI 96.78 91.53 83.94 99.73 107.03 82.72
Local trade (c/kg) NI 595 555 525 630 700 515
  (16-22kg) SI 560 550 500 620 670 500
MUTTON ($/hd) gross NI 64.47 64.47 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 603 593 490 490 603 470
  (270-295kg) SI 575 568 482 457 575 440
M2 Bull NI 557 578 467 470 582 447
  (296-320kg) SI 492 512 448 405 515 405
Local Trade P2 NI 600 590 540 525 600 487
  (180-280kg) SI 590 590 520 490 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 494 425 378 426 494 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1041 1055 1013 744 1055 734
  Fine Xbrd (31.6-35.0)   664 668 657 568 684 518
  Coarse Xbrd (>35 mic)   586 578 563 534 586 472
Lamb   707 707 739 531 739 531
               
DAIRY ($/tonne)              
  Butter   4,501 4,010 4,472 3,821 5,393 3,524
  Skimmilk powder   2,847 2,310 2,912 3,700 3,941 2,291
  Wholemilk powder   3,226 2,635 3,350 3,639 4,739 2,614
  Cheese - cheddar   4,779 4,430 4,841 4,833 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 = $4.89
    * before retentions      
Farms for sale   1,959 2,019 2,147 2,537    
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 »