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Farm gate newsletter for March 16th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 16th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   67 - 67     94 53
  SI   63 - 65     92 41
Prime NI   89 - 100     124 87
  SI   85 - 93     125 85
STEER (c/kg) 481-580 Lwt NI   273 - 286     322 254
Prime SI   288 - 290     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.03 81.61 86.61 86.28 104.07 80.15
  SI 77.23 77.82 87.44 83.36 106.40 77.23
Local trade (c/kg) NI 495 505 515 515 625 495
  (16-22kg) SI 480 490 530 520 620 480
MUTTON ($/hd) gross NI 49.98 51.87 58.80 60.90 67.20 49.98
(21.0kg MX1) SI 44.95 44.32 52.30 53.14 60.07 44.32
BEEF (c/kg)              
P2 steer NI 505 495 510 475 603 475
  (270-295kg) SI 497 490 507 450 575 450
M2 Bull NI 472 467 487 447 582 447
  (296-320kg) SI 442 438 458 425 515 425
Local Trade P2 NI 540 540 530 510 610 510
  (180-280kg) SI 540 550 520 480 600 480
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 431 429 377 518 376
               
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)   590 592 608 549 696 549
  Coarse Xbrd (>35 mic)   579 573 564 499 619 489
  Lambs   653 708 769 659 769 643
               
DAIRY ($/tonne)              
  Butter   4,318 4,575 4,315 5,393 5,393 3,978
  Skimmilk powder   2,646 2,718 2,783 3,934 3,934 2,291
  Wholemilk powder   3,004 3,150 3,319 4,731 4,731 2,614
  Cheese - cheddar   4,130 4,443 4,646 4,918 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 = $5.81
    * before retentions      
Farms for sale   2,085 2,093 2,144 2,597    
    $27,395 $28,120 $27,579 $28,009    

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