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Farm gate newsletter for March 23rd 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 23rd 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   64 - 70     94 53
  SI   59 - 64     92 41
Prime NI   89 - 91     124 87
  SI   82 - 87     125 85
STEER (c/kg) 481-580 Lwt NI   256 - 272     322 254
Prime SI   253 - 267     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.03 80.15 87.15 86.28 104.07 80.15
  SI 77.23 77.23 85.95 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 515 515 625 495
  (16-22kg) SI 480 490 530 520 620 480
MUTTON ($/hd) gross NI 49.98 49.98 55.65 61.95 67.20 49.98
(21.0kg MX1) SI 44.95 44.95 49.54 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 505 495 497 490 603 490
  (270-295kg) SI 497 490 503 457 575 457
M2 Bull NI 472 467 475 462 582 462
  (296-320kg) SI 442 438 455 428 515 428
Local Trade P2 NI 540 540 530 520 610 510
  (180-280kg) SI 530 550 520 490 600 490
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 437 425 376 518 376
               
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)   596 589 600 571 696 558
  Coarse Xbrd (>35 mic)   574 564 556 493 619 489
  Lambs   650 686 748 657 769 643
               
DAIRY ($/tonne)              
  Butter   4,066 4,329 4,549 4,896 5,393 3,978
  Skimmilk powder   2,568 2,705 2,769 3,769 3,934 2,291
  Wholemilk powder   3,049 2,936 3,302 4,080 4,731 2,614
  Cheese - cheddar   3,771 4,254 4,623 4,634 5,055 3,728
               
  Fonterra milk price   2014/15 final $4.40 2015/16 forecast $3.90*
  Fonterra dividend   2014/15 final $0.25 2015/16 forecast $0.40
  Fonterra wet share price   $7.92 NZX FCG = $5.92
    * before retentions      
Farms for sale   2,066 2,095 2,100 2,597    
    $25,970 $27,395 $28,671 $28,009    

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