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Farm gate newsletter for November 4th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 4th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   76 - 95     94 57
  SI   55 - 65     90 44
Prime NI   93 - 115     130 83
  SI   106 - 107     127 91
STEER (c/kg) 481-580 Lwt NI   298 - 306     327 246
Prime SI   285 - 286     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX   101.73 101.73 89.19 111.36 111.36 86.28
  SI 106.69 105.53 90.36 106.44 108.15 82.72
Local trade (c/kg) NI 625 625 545 660 700 515
  (16-22kg) SI 610 610 550 650 670 500
MUTTON ($/hd) gross NI 67.20 64.47 63.00 78.75 79.38 60.90
(21.0kg MX1) SI 60.07 57.97 55.87 70.48 71.32 53.14
BEEF (c/kg)              
P2 steer NI 567 603 580 557 603 470
  (270-295kg) SI 548 575 557 512 575 450
M2 Bull NI 510 552 572 547 582 447
  (296-320kg) SI 473 497 505 490 515 425
Local Trade P2 NI 570 610 580 575 610 487
  (180-280kg) SI 590 590 580 520 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 502 518 415 462 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3   891 1051 1035 795 1061 774
  Fine Xbrd (31.6-35.0)   601 678 657 557 696 518
  Coarse Xbrd (>35 mic)   574 619 572 541 619 472
 Merino   1419 1501   1323 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,658 4,761 4,305 3,771 5,396 3,536
  Skimmilk powder   3,197 3,200 2,629 3,447 3,941 2,291
  Wholemilk powder   4,140 4,098 2,876 3,529 4,739 2,614
  Cheese - cheddar   4,732 4,839 4,877 5,180 5,091 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 = $5.33
    * before retentions      
Farms for sale   2,202 2,073 2,019 2,803    
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 »