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Farm gate newsletter for April 6th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 6th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   70 - 82     94 53
  SI   69 - 71     92 41
Prime NI   93 - 96     124 87
  SI   87 - 90     125 83
STEER (c/kg) 481-580 Lwt NI   267 - 268     322 254
Prime SI   259 - 300     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.90 80.15 86.86 86.28 104.07 80.15
  SI 77.82 77.23 85.11 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 515 535 625 495
  (16-22kg) SI 470 480 520 530 620 470
MUTTON ($/hd) gross NI 49.98 49.98 55.02 61.95 67.20 49.98
(21.0kg MX1) SI 44.95 44.95 48.10 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 500 505 497 500 603 495
  (270-295kg) SI 488 497 497 467 575 467
M2 Bull NI 467 472 492 472 582 462
  (296-320kg) SI 438 442 462 438 515 435
Local Trade P2 NI 540 540 530 540 610 510
  (180-280kg) SI 500 550 520 500 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 440 423 376 518 376
               
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)   565 594 600 568 696 563
  Coarse Xbrd (>35 mic)   553 575 556 500 619 493
  Lambs   615 661 748 648 769 615
               
DAIRY ($/tonne)              
  Butter   4,036 4,334 4,632 4,607 4,826 3,978
  Skimmilk powder   2,549 2,656 2,819 3,579 3,579 2,291
  Wholemilk powder   3,026 3,015 3,362 3,679 4,290 2,614
  Cheese - cheddar   3,742 4,145 4,706 4,706 5,055 3,679
               
  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 = $5.90
    * before retentions      
Farms for sale   2,022 2,066 2,050 2,550    
    $25,970 $27,395 $28,671 $28,009    

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