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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   38 - 54     94 51
  SI   50 - 58     92 41
Prime NI   88 - 99     124 83
  SI   95 - 96     125 91
STEER (c/kg) 481-580 Lwt NI   274 - 275     322 246
Prime SI   287 - 302     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 88.61 95.90 97.65 99.11 105.82 86.28
  SI 87.44 97.07 101.44 95.90 106.40 82.72
Local trade (c/kg) NI 515 595 595 590 640 515
  (16-22kg) SI 530 600 570 590 630 500
MUTTON ($/hd) gross NI 58.80 63.21 64.47 73.08 76.23 58.80
(21.0kg MX1) SI 52.30 58.39 55.87 67.42 70.27 52.30
BEEF (c/kg)              
P2 steer NI 510 537 603 520 603 470
  (270-295kg) SI 507 525 575 507 575 450
M2 Bull NI 487 500 557 527 582 447
  (296-320kg) SI 458 463 492 495 515 425
Local Trade P2 NI 530 550 600 565 610 487
  (180-280kg) SI 520 550 590 530 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 429 479 505 396 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 952 922 1061   1061 891
  Fine Xbrd (31.6-35.0)   608 628 691 545 696 518
  Coarse Xbrd (>35 mic)   564 593 614 517 619 472
  Lambs   769       769 618
               
DAIRY ($/tonne)              
  Butter   4,351 4,358 4,469 3,987 5,393 3,978
  Skimmilk powder   2,802 3,315 2,827 3,100 3,941 2,291
  Wholemilk powder   3,319 3,823 3,204 3,100 4,739 2,614
  Cheese - cheddar   4,646 4,817 4,746 4,844 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 = $5.79
    * before retentions      
Farms for sale   2,144 2,211 1,954 2,618    
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 »