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Farm gate newsletter for October 28th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, October 28th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   64 - 85     102 57
  SI   63 - 94     94 48
Prime NI   108 - 123     134 83
  SI   110 - 124     132 91
STEER (c/kg) 481-580 Lwt NI   306 - 316     327 246
Prime SI   315 - 328     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX   104.07 100.57 89.19 109.61 111.36 86.28
  SI 107.28 104.07 89.19 105.28 108.15 82.72
Local trade (c/kg) NI 625 615 535 660 700 515
  (16-22kg) SI 610 600 550 650 670 500
MUTTON ($/hd) gross NI 67.20 64.47 62.37 72.87 79.38 60.90
(21.0kg MX1) SI 60.07 57.34 55.24 63.55 71.32 53.14
BEEF (c/kg)              
P2 steer NI 587 603 575 527 603 470
  (270-295kg) SI 562 575 547 492 575 450
M2 Bull NI 520 552 557 520 582 447
  (296-320kg) SI 483 488 495 458 515 425
Local Trade P2 NI 590 600 570 565 610 487
  (180-280kg) SI 590 590 570 510 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 511 518 411 464 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3   891 1051 1013 795 1061 774
  Fine Xbrd (31.6-35.0)   617 696 638 560 696 518
  Coarse Xbrd (>35 mic)   588 609 566 540 619 472
 Merino   1419 1501   1323 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,684 4,741 4,262 3,690 5,393 3,536
  Skimmilk powder   3,153 3,074 2,603 3,373 3,941 2,291
  Wholemilk powder   4,075 3,650 2,847 3,453 4,739 2,614
  Cheese - cheddar   4,721 4,761 4,828 5,068 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 = $5.34
    * before retentions      
Farms for sale   2,190 1,967 2,041 2,781    
Farm prices per hectare - (REINZ)   $26,020 $27,872 $29,141 $26,000    

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