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Farm gate newsletter for March 9th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 9th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   60 - 74     94 53
  SI   64 - 68     92 41
Prime NI   80 - 100     124 87
  SI   85 - 89     125 85
STEER (c/kg) 481-580 Lwt NI   270 - 277     322 254
Prime SI   277 - 296     331 265
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 80.15 83.94 89.78 86.28 104.07 80.15
  SI 77.23 79.57 89.48 83.36 106.40 77.23
Local trade (c/kg) NI 495 515 535 515 625 495
  (16-22kg) SI 480 500 540 520 620 480
MUTTON ($/hd) gross NI 49.98 52.50 61.53 60.90 67.20 49.98
(21.0kg MX1) SI 44.95 44.74 55.45 53.14 60.07 44.32
BEEF (c/kg)              
P2 steer NI 505 495 515 475 603 475
  (270-295kg) SI 497 490 513 450 575 450
M2 Bull NI 472 467 492 447 582 447
  (296-320kg) SI 442 438 462 425 515 425
Local Trade P2 NI 540 530 530 487 610 487
  (180-280kg) SI 550 540 520 470 600 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 440 431 437 377 518 376
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI
  Mid mic (23.1-31.5)3 SI   952 952   1061 891
  Fine Xbrd (31.6-35.0)   594 594 630 537 696 537
  Coarse Xbrd (>35 mic)   575 567 594 489 619 489
  Lambs   661 724   641 769 641
               
DAIRY ($/tonne)              
  Butter   4,240 4,623 4,326 5,402 5,402 3,978
  Skimmilk powder   2,598 2,746 2,799 3,941 3,941 2,291
  Wholemilk powder   2,949 3,183 3,337 4,734 4,731 2,614
  Cheese - cheddar   4,055 4,489 4,672 4,927 5,055 4,055
               
  Fonterra milk price   2014/15 final $4.40 2015/16 forecast $3.90*
  Fonterra dividend   2014/15 final $0.25 2015/16 forecast $0.45 - $0.55c
  Fonterra wet share price   $7.92 NZX FCG = $5.80
    * before retentions      
Farms for sale   2,066 2,076 2,175 2,590    
    $27,395 $28,120 $27,579 $27,997    

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