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Farm gate newsletter for September 16th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sepember 16th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   79 - 95     113 57
  SI   80 - 93     107 48
Prime NI   112 - 122      143 83
  SI   121 - 122     138 91
STEER (c/kg) 481-580 Lwt NI   308 - 316     327 246
Prime SI   303 - 317     321 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 97.65 91.23 86.86 104.36 111.36 86.28
  SI 100.28 91.82 83.94 100.32 107.03 82.72
Local trade (c/kg) NI 595 565 525 630 700 515
  (16-22kg) SI 570 550 500 620 670 500
MUTTON ($/hd) gross NI 64.47 64.47 61.95 73.50 79.38 60.90
(21.0kg MX1) SI 55.87 55.87 54.82 62.50 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 603 500 495 603 470
  (270-295kg) SI 575 575 488 463 575 440
M2 Bull NI 557 582 477 475 582 447
  (296-320kg) SI 492 515 455 412 515 405
Local Trade P2 NI 600 600 540 535 600 487
  (180-280kg) SI 590 590 520 490 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 505 437 386 437 505 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1061 1055 1013 734 1061 734
  Fine Xbrd (31.6-35.0)   691 664 653 574 691 518
  Coarse Xbrd (>35 mic)   614 581 554 544 614 472
 Merino   1561     1309 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,469 4,014 4,178 3,637 5,393 3,524
  Skimmilk powder   2,827 2,312 2,928 3,438 3,941 2,291
  Wholemilk powder   3,204 2,638 3,267 3,484 4,739 2,614
  Cheese - cheddar   4,746 4,435 4,928 4,829 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 = $5.00
    * before retentions      
Farms for sale   1,954 1,988 2,201 2,540    
Farm prices per hectare - (REINZ)   $27,872 $27,800 $28,563 $26,590    

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