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Farm gate newsletter for December 10th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, December 10th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   44 - 65     94 57
  SI   40 - 43     92 44
Prime NI   92 - 104     124 83
  SI   95 - 96     125 91
STEER (c/kg) 481-580 Lwt NI   273 - 277     322 246
Prime SI   288 - 291     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.78 97.38 97.07 102.32 105.82 86.28
  SI 89.48 100.57 99.69 99.11 106.40 82.72
Local trade (c/kg) NI 535 625 595 600 640 515
  (16-22kg) SI 540 620 560 590 630 500
MUTTON ($/hd) gross NI 61.53 66.15 64.47 74.55 76.23 60.90
(21.0kg MX1) SI 55.45 59.02 55.87 68.89 70.27 53.14
BEEF (c/kg)              
P2 steer NI 515 547 603 537 603 470
  (270-295kg) SI 513 532 575 517 575 450
M2 Bull NI 492 505 557 540 582 447
  (296-320kg) SI 462 467 492 503 515 425
Local Trade P2 NI 530 560 600 585 610 487
  (180-280kg) SI 520 570 590 530 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 437 495 494 405 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 952 922 1041 796 1061 796
  Fine Xbrd (31.6-35.0)   630 619 664 548 696 518
  Coarse Xbrd (>35 mic)   594 584 586 517 619 472
 Merino   1432 1415   1301 1561 1301
               
DAIRY ($/tonne)              
  Butter   4,219 4,826 4,501 4,034 5,393 3,685
  Skimmilk powder   2,900 3,312 2,847 3,136 3,941 2,291
  Wholemilk powder   3,428 4,290 3,226 3,136 4,739 2,614
  Cheese - cheddar   4,746 4,903 4,779 4,900 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 = $5.75
    * before retentions      
Farms for sale   2,175 2,238 1,959 2,649    
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 »