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Farm gate newsletter for February 17th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 17th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   55 - 69     94 53
  SI   65 - 67     92 41
Prime NI   77 - 92     124 89
  SI   84 - 92     125 85
STEER (c/kg) 481-580 Lwt NI   260 - 285     322 246
Prime SI   290 - 309     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.61 86.28 95.90 87.73 104.07 81.61
  SI 77.82 83.65 97.70 85.11 106.40 77.82
Local trade (c/kg) NI 515 515 595 515 625 515
  (16-22kg) SI 500 510 600 520 620 500
MUTTON ($/hd) gross NI 51.87 52.92 63.21 63.84 67.20 51.87
(21.0kg MX1) SI 44.32 46.84 58.39 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 495 490 522 475 603 470
  (270-295kg) SI 490 487 515 460 575 450
M2 Bull NI 467 462 500 462 582 447
  (296-320kg) SI 438 440 463 446 515 425
Local Trade P2 NI 540 510 550 487 610 487
  (180-280kg) SI 550 510 550 480 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 431 431 479 378 523 373
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI
  Mid mic (23.1-31.5)3 SI   952 922   1061 891
  Fine Xbrd (31.6-35.0)   592 614 628 553 696 537
  Coarse Xbrd (>35 mic)   573 562 593 502 619 489
  Lambs   708 747   664 769 641
               
DAIRY ($/tonne)              
  Butter   4,575 4,787 4,402 4,849 5,393 3,978
  Skimmilk powder   2,718 2,914 3,167 3,333 3,941 2,291
  Wholemilk powder   3,150 3,243 3,863 3,533 4,739 2,614
  Cheese - cheddar   4,443 4,903 4,866 4,933 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 = $5.50
    * before retentions      
Farms for sale   2,093 2,044 2,211 2,593    
Farm prices per hectare - (REINZ)   $27,395 $28,120 $27,579 $28,781    

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