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Farm gate newsletter for November 25th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 25th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   60 - 81     94 57
  SI   51 - 64     92 44
Prime NI   96 - 104     124 83
  SI   97 - 98     125 91
STEER (c/kg) 481-580 Lwt NI   276 - 279     322 246
Prime SI   283 - 286     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 93.86 104.07 92.98 109.32 109.32 86.28
  SI 94.15 105.53 95.03 104.04 106.40 82.72
Local trade (c/kg) NI 575 625 575 670 670 515
  (16-22kg) SI 570 610 550 670 670 500
MUTTON ($/hd) gross NI 64.05 67.20 64.47 78.75 78.75 60.90
(21.0kg MX1) SI 57.97 60.07 58.87 71.32 71.32 53.14
BEEF (c/kg)              
P2 steer NI 522 587 603 565 603 470
  (270-295kg) SI 515 562 575 527 575 450
M2 Bull NI 500 520 577 557 582 447
  (296-320kg) SI 467 483 512 507 515 425
Local Trade P2 NI 530 590 600 595 610 487
  (180-280kg) SI 540 590 590 540 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 463 511 453 426 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 945 891 1053 796 1061 796
  Fine Xbrd (31.6-35.0)   642 617 683 549 696 518
  Coarse Xbrd (>35 mic)   598 588 576 526 619 472
 Merino   1424 1419   1301 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,375 4,649 4,203 3,689 5,393 3,685
  Skimmilk powder   3,147 3,165 2,399 3,117 3,941 2,291
  Wholemilk powder   3,838 4,044 2,841 3,244 4,739 2,614
  Cheese - cheddar   4,836 4,685 4,625 4,898 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 = $5.42
    * before retentions      
Farms for sale   2,217 2,190 1,975 2,756    
Farm prices per hectare - (REINZ)   $27,579 $26,020 $27,800 $27,560    

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