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Farm gate newsletter for November 18th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 18th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   56 - 83     94 57
  SI   55 - 56     92 44
Prime NI   107 - 109     124 83
  SI   106 - 107     127 91
STEER (c/kg) 481-580 Lwt NI   280 - 283     327 246
Prime SI   282 - 290     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX   95.90 104.07 91.23 110.19 110.19 86.28
  SI 97.07 106.40 91.82 104.69 106.40 82.72
Local trade (c/kg) NI 595 625 565 700 700 515
  (16-22kg) SI 600 610 550 670 670 500
MUTTON ($/hd) gross NI 63.21 65.73 64.47 79.38 79.38 60.90
(21.0kg MX1) SI 58.39 59.44 55.87 71.32 71.32 53.14
BEEF (c/kg)              
P2 steer NI 537 595 542 570 603 470
  (270-295kg) SI 525 570 522 527 575 450
M2 Bull NI 500 525 582 562 582 447
  (296-320kg) SI 463 487 515 507 515 425
Local Trade P2 NI 550 600 600 595 610 487
  (180-280kg) SI 550 600 590 530 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 479 517 437 439 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3   922 987 1055 774 1061 796
  Fine Xbrd (31.6-35.0)   628 632 684 546 696 518
  Coarse Xbrd (>35 mic)   593 599 581 525 619 472
 Merino   1415 1446   1348 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,402 4,647 3,978 3,536 5,393 3,536
  Skimmilk powder   3,167 3,165 2,291 3,238 3,941 2,291
  Wholemilk powder   3,862 4,043 2,614 3,316 4,739 2,614
  Cheese - cheddar   4,866 4,684 4,395 4,842 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 $0.45 - $0.55c
  Fonterra wet share price   $7.92 NZX FCG = $5.55
    * before retentions      
Farms for sale   2,211 2,139 1,988 2,754    
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 »