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Farm gate newsletter for April 13th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 13th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   77 - 82     94 53
  SI   72 - 73     92 41
Prime NI   89 - 96     124 87
  SI   90 - 97     125 83
STEER (c/kg) 481-580 Lwt NI   269 - 274     322 254
Prime SI   276 - 296     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 81.90 81.03 86.86 86.28 104.07 80.15
  SI 77.82 77.23 84.53 83.94 106.40 77.23
Local trade (c/kg) NI 495 495 515 535 625 495
  (16-22kg) SI 470 480 510 540 620 470
MUTTON ($/hd) gross NI 49.98 49.98 54.18 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 500 505 490 505 603 495
  (270-295kg) SI 488 497 492 477 575 477
M2 Bull NI 467 472 462 477 582 462
  (296-320kg) SI 438 442 440 438 515 435
Local Trade P2 NI 540 540 510 540 610 510
  (180-280kg) SI 500 540 510 510 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 443 423 376 518 376
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI
  Mid mic (23.1-31.5)3 SI     952   1061 891
  Fine Xbrd (31.6-35.0)   573 590 607 563 696 563
  Coarse Xbrd (>35 mic)   564 579 562 493 619 493
  Lambs   624 653 747 643 769 615
               
DAIRY ($/tonne)              
  Butter   4,004 4,304 4,726 4,597 4,826 3,978
  Skimmilk powder   2,529 2,638 2,877 3,572 3,579 2,291
  Wholemilk powder   3,002 2,994 3,202 3,671 4,290 2,614
  Cheese - cheddar   3,713 4,117 4,841 4,696 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 = $5.69
    * before retentions      
Farms for sale   2,014 2,076 2,048 2,482    
    $25,970 $27,395 $28,671 $28,009    

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