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Farm gate newsletter for December 2nd 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, December 2nd 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   51 - 66     94 57
  SI   41 - 50     92 44
Prime NI   92 - 104     124 83
  SI   96 - 104     125 91
STEER (c/kg) 481-580 Lwt NI   276 - 286     322 246
Prime SI   287 - 288     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 91.53 101.73 94.44 105.82 105.82 86.28
  SI 91.82 104.36 96.48 102.07 106.40 82.72
Local trade (c/kg) NI 555 625 585 640 640 515
  (16-22kg) SI 550 610 550 630 630 500
MUTTON ($/hd) gross NI 63.42 67.20 64.47 76.23 76.23 60.90
(21.0kg MX1) SI 56.92 60.07 58.87 70.27 70.27 53.14
BEEF (c/kg)              
P2 steer NI 517 567 603 552 603 470
  (270-295kg) SI 515 548 575 523 575 450
M2 Bull NI 492 510 567 550 582 447
  (296-320kg) SI 462 473 505 507 515 425
Local Trade P2 NI 530 570 600 595 610 487
  (180-280kg) SI 520 580 590 540 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 449 502 479 413 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 945 891 1041 796 1061 796
  Fine Xbrd (31.6-35.0)   633 601 664 541 696 518
  Coarse Xbrd (>35 mic)   593 574 576 516 619 472
 Merino   1424 1419   1301 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,240 4,680 4,298 3,685 5,393 3,685
  Skimmilk powder   2,915 3,212 2,453 3,113 3,941 2,291
  Wholemilk powder   3,445 4,160 2,905 3,241 4,739 2,614
  Cheese - cheddar   4,771 4,754 4,730 4,893 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 = $5.60
    * before retentions      
Farms for sale   2,189 2,202 1,976 2,654    
Farm prices per hectare - (REINZ)   $27,579 $26,020 $27,800 $24,547    

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