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Farm gate newsletter for March 30th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 30th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   68-74     94 53
  SI   61 - 64     92 41
Prime NI   86 - 91     124 87
  SI   82 - 84     125 85
STEER (c/kg) 481-580 Lwt NI   256 - 264     322 254
Prime SI   253 - 275     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.32 80.15 86.86 86.28 104.07 80.15
  SI 77.23 77.23 85.95 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 515 515 625 495
  (16-22kg) SI 475 490 520 530 620 475
MUTTON ($/hd) gross NI 49.98 49.98 55.02 61.95 67.20 49.98
(21.0kg MX1) SI 44.95 44.95 48.94 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 500 495 497 492 603 492
  (270-295kg) SI 493 490 503 458 575 458
M2 Bull NI 467 467 470 467 582 462
  (296-320kg) SI 438 438 452 435 515 435
Local Trade P2 NI 540 540 530 530 610 510
  (180-280kg) SI 510 550 520 500 600 500
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)   578 600 600 558 696 558
  Coarse Xbrd (>35 mic)   569 579 556 489 619 489
  Lambs   641 678 748 644 769 643
               
DAIRY ($/tonne)              
  Butter   4,083 4,391 4,516 5,009 5,019 3,978
  Skimmilk powder   2,579 2,744 2,749 3,854 3,854 2,291
  Wholemilk powder   3,062 2,978 3,278 4,172 4,290 2,614
  Cheese - cheddar   3,786 4,316 4,589 4,740 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 = $5.91
    * before retentions      
Farms for sale   2,063 2,101 2,075 2,574    
    $25,970 $27,395 $28,671 $28,009    

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