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Farm gate newsletter for February 24th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 24th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   62 - 71     94 53
  SI   65 - 66     92 41
Prime NI   86 - 99     124 90
  SI   92 - 93     125 85
STEER (c/kg) 481-580 Lwt NI   276 - 277     322 246
Prime SI   285 - 309     331 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 80.15 85.69 93.86 86.28 104.07 80.15
  SI 77.23 83.07 94.15 83.36 106.40 77.23
Local trade (c/kg) NI 495 515 575 515 625 495
  (16-22kg) SI 490 510 570 520 620 490
MUTTON ($/hd) gross NI 49.98 52.08 64.05 61.74 67.20 49.98
(21.0kg MX1) SI 44.95 45.37 57.97 53.77 60.07 44.32
BEEF (c/kg)              
P2 steer NI 495 495 522 470 603 470
  (270-295kg) SI 490 490 515 450 575 450
M2 Bull NI 467 462 500 450 582 447
  (296-320kg) SI 438 435 467 430 515 425
Local Trade P2 NI 540 520 530 487 610 487
  (180-280kg) SI 550 510 540 470 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 437 431 463 378 518 376
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI
  Mid mic (23.1-31.5)3 SI   952 945   1061 891
  Fine Xbrd (31.6-35.0)   589 624 642 556 696 537
  Coarse Xbrd (>35 mic)   564 580 598 495 619 489
  Lambs   686 758   650 769 641
               
DAIRY ($/tonne)              
  Butter   4,329 4,635 4,375 5,116 5,393 3,978
  Skimmilk powder   2,705 2,776 3,147 3,588 3,941 2,291
  Wholemilk powder   2,936 3,217 3,838 4,252 4,739 2,614
  Cheese - cheddar   4,254 4,538 4,836 4,916 5,091 4,254
               
  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 = $5.63
    * before retentions      
Farms for sale   2,095 2,040 2,217 2,611    
Farm prices per hectare - (REINZ)   $27,395 $28,120 $27,579 $27,997    

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