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Farm gate newsletter for January 27th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, January 27th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   61 - 70     94 53
  SI   60 - 64     92 41
Prime NI   83 - 100     124 83
  SI   91 - 96     125 91
STEER (c/kg) 481-580 Lwt NI   259 - 276     322 246
Prime SI   282 - 296     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 85.69 86.86 104.07 89.78 104.07 85.69
  SI 83.07 85.69 105.53 86.86 106.40 82.78
Local trade (c/kg) NI 515 515 625 520 625 515
  (16-22kg) SI 510 520 610 520 620 500
MUTTON ($/hd) gross NI 52.08 55.02 67.20 66.57 67.20 52.08
(21.0kg MX1) SI 44.11 48.94 60.07 59.44 60.07 44.11
BEEF (c/kg)              
P2 steer NI 495 497 587 480 603 470
  (270-295kg) SI 490 503 562 477 575 450
M2 Bull NI 462 470 520 485 582 447
  (296-320kg) SI 438 452 483 467 515 425
Local Trade P2 NI 520 530 590 507 610 487
  (180-280kg) SI 510 520 590 490 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 431 425 511 377 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 952 952 891   1061 891
  Fine Xbrd (31.6-35.0)   624 600 617 526 696 523
  Coarse Xbrd (>35 mic)   580 556 588 478 619 478
  Lambs   758 748   625 769 625
               
DAIRY ($/tonne)              
  Butter   4,692 4,549 4,684 4,679 5,393 3,978
  Skimmilk powder   2,811 2,769 3,190 3,248 3,941 2,291
  Wholemilk powder   3,257 3,302 4,075 3,366 4,739 2,614
  Cheese - cheddar   4,594 4,623 4,721 4,982 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 = $5.85
    * before retentions      
Farms for sale   2,040 2,075 2,190 2,6091    
Farm prices per hectare - (REINZ)   $28,120 $28,671 $26,020 $28,781    

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