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Farm gate newsletter for October 14th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, October 14th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   65 - 88     101 57
  SI   82 - 84     94 48
Prime NI   95 - 127     135 83
  SI   122 - 123     132 91
STEER (c/kg) 481-580 Lwt NI   295 - 300     327 246
Prime SI   315 - 330     321 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 105.88 97.07 86.86 108.44 111.36 86.28
  SI 108.15 99.69 86.86 104.40 107.03 82.72
Local trade (c/kg) NI 565 595 525 660 700 515
  (16-22kg) SI 610 560 530 630 670 500
MUTTON ($/hd) gross NI 64.47 64.47 61.95 72.45 79.38 60.90
(21.0kg MX1) SI 57.97 55.87 55.45 61.87 71.32 53.14
BEEF (c/kg)              
P2 steer NI 603 603 533 520 603 470
  (270-295kg) SI 575 575 518 478 575 440
M2 Bull NI 552 557 412 505 582 447
  (296-320kg) SI 492 492 482 438 515 405
Local Trade P2 NI 610 600 540 545 610 487
  (180-280kg) SI 590 590 530 500 590 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 523 498 390 474 523 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3   987 1041 1008 748 1061 734
  Fine Xbrd (31.6-35.0)   669 664 643 593 696 518
  Coarse Xbrd (>35 mic)   610 586 557 568 614 472
 Merino   1446     1309 1561 1309
               
DAIRY ($/tonne)              
  Butter   4,575 4,427 4,456 3,844 5,393 3,526
  Skimmilk powder   3,075 2,801 3,070 3,637 3,941 2,291
  Wholemilk powder   3,937 3,173 3,482 3,669 4,739 2,614
  Cheese - cheddar   4,650 4,701 5,055 5,105 5,180 4,395
               
  Fonterra milk price   2014/15 final $4.40 2015/16 forecast $4.60*
  Fonterra dividend   2014/15 final $0.25 2015/16 forecast $0.40 - $0.50c
  Fonterra wet share price   $7.92 NZX FCG = $5.29
    * before retentions      
Farms for sale   2,073 1,959 2,157 2,645    
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 »