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Farm gate newsletter for January 13th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, January 16th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   51 - 67     94 53
  SI   46 - 53     92 41
Prime NI   87 - 91     124 83
  SI   90 - 94     125 91
STEER (c/kg) 481-580 Lwt NI   260 - 265     322 246
Prime SI   279 - 292     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 88.61 104.07 92.98 104.07 86.28
  SI 84.53 87.44 105.53 89.48 106.40 82.72
Local trade (c/kg) NI 515 515 625 560 625 515
  (16-22kg) SI 510 530 610 545 620 500
MUTTON ($/hd) gross NI 54.18 58.80 64.47 69.30 69.30 54.18
(21.0kg MX1) SI 48.10 52.30 57.97 62.80 62.80 48.10
BEEF (c/kg)              
P2 steer NI 490 510 603 492 603 470
  (270-295kg) SI 492 507 575 483 575 450
M2 Bull NI 462 487 540 497 582 447
  (296-320kg) SI 440 458 492 470 515 425
Local Trade P2 NI 510 530 610 540 610 487
  (180-280kg) SI 510 520 600 510 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 423 429 518 379 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 952 952 987   1061 891
  Fine Xbrd (31.6-35.0)   607 608 669 523 696 523
  Coarse Xbrd (>35 mic)   562 564 610 488 619 478
  Lambs   747 769   621 769 621
               
DAIRY ($/tonne)              
  Butter   4,726 4,376 4,575 4,625 5,393 3,978
  Skimmilk powder   2,877 2,799 3,075 3,083 3,941 2,291
  Wholemilk powder   3,202 3,337 3,937 3,147 4,739 2,614
  Cheese - cheddar   4,841 4,672 4,650 4,753 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 = $6.00
    * before retentions      
Farms for sale   2,048 2,144 2,106 2,611    
Farm prices per hectare - (REINZ)   $28,671 $27,579 $27,872 $27,781    

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