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Farm gate newsletter for September 23rd 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sepember 23rd 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   60 - 86     114 57
  SI   80 - 94     103 48
Prime NI   112 - 124     143 83
  SI   122 - 128     138 91
STEER (c/kg) 481-580 Lwt NI   303 - 310     327 246
Prime SI   309 - 318     321 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 99.40 92.98 86.86 106.40 111.36 86.28
  SI 102.90 95.03 83.94 102.07 107.03 82.72
Local trade (c/kg) NI 600 575 525 640 700 515
  (16-22kg) SI 570 550 510 620 670 500
MUTTON ($/hd) gross NI 64.47 64.47 61.95 72.45 79.38 60.90
(21.0kg MX1) SI 56.50 55.87 54.82 61.87 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 603 510 497 603 470
  (270-295kg) SI 575 575 495 470 575 440
M2 Bull NI 557 577 487 485 582 447
  (296-320kg) SI 492 512 462 428 515 405
Local Trade P2 NI 600 600 540 535 600 487
  (180-280kg) SI 590 590 520 500 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 513 453 386 448 513 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3   1061 1053 796 734 1061 734
  Fine Xbrd (31.6-35.0)   668 664 653 569 691 518
  Coarse Xbrd (>35 mic)   600 581 554 537 614 472
 Merino   1561     1309 1561 1309
               
DAIRY ($/tonne)              
  Butter   4,424 4,139 4,261 3,666 5,393 3,526
  Skimmilk powder   3,063 2,362 2,987 3,465 3,941 2,291
  Wholemilk powder   3,638 2,798 3,326 3,512 4,739 2,614
  Cheese - cheddar   4,745 4,555 5,026 4,868 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 = $5.22
    * before retentions      
Farms for sale   1,965 1,975 2,202 2,722    
Farm prices per hectare - (REINZ)   $27,872 $27,800 $28,563 $26,000    

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