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Farm gate newsletter for February 10th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 10th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   63 - 74     94 53
  SI   66 - 67     92 41
Prime NI   84 - 95     124 89
  SI   84 - 88     125 89
STEER (c/kg) 481-580 Lwt NI   273 - 274     322 246
Prime SI   286 - 305     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 83.94 86.86 97.36 88.61 104.07 83.94
  SI 79.57 84.53 100.57 85.69 106.40 79.57
Local trade (c/kg) NI 515 515 625 515 625 515
  (16-22kg) SI 500 510 620 510 620 500
MUTTON ($/hd) gross NI 52.50 55.02 67.20 65.73 67.20 51.87
(21.0kg MX1) SI 44.74 48.10 60.07 57.34 60.07 44.74
BEEF (c/kg)              
P2 steer NI 495 490 537 475 603 470
  (270-295kg) SI 490 492 525 463 575 450
M2 Bull NI 467 462 505 480 582 447
  (296-320kg) SI 438 440 467 453 515 425
Local Trade P2 NI 530 510 560 487 610 487
  (180-280kg) SI 540 510 570 490 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 431 423 495 378 518 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 952 952 922   1061 891
  Fine Xbrd (31.6-35.0)   594 607 619 537 696 537
  Coarse Xbrd (>35 mic)   567 562 584 489 619 489
  Lambs   724 747   641 769 641
               
DAIRY ($/tonne)              
  Butter   4,623 4,676 4,8268 4,898 5,393 3,978
  Skimmilk powder   2,746 2,846 3,312 3,367 3,941 2,291
  Wholemilk powder   3,183 3,167 4,290 3,569 4,739 2,614
  Cheese - cheddar   4,489 4,789 4,903 4,982 5,091 4,395
               
  Fonterra milk price   2014/15 final $4.40 2015/16 forecast $4.15*
  Fonterra dividend   2014/15 final $0.25 2015/16 forecast $0.45 - $0.55c
  Fonterra wet share price   $7.92 NZX FCG = $5.83
    * before retentions      
Farms for sale   2,076 2,048 2,238 2,606    
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 »