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Farm gate newsletter for April 27th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 27th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   77 - 82     94 53
  SI   71 - 73     92 41
Prime NI   87 - 101     124 87
  SI   88 - 95     125 83
STEER (c/kg) 481-580 Lwt NI   270 - 271     322 254
Prime SI   285 - 286     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 82.48 81.32 85.69 87.44 104.07 80.15
  SI 78.40 77.23 83.07 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 515 535 625 495
  (16-22kg) SI 480 475 510 530 620 470
MUTTON ($/hd) gross NI 50.40 49.98 52.08 61.95 67.20 49.98
(21.0kg MX1) SI 45.37 44.95 45.37 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 500 500 495 510 603 495
  (270-295kg) SI 488 493 490 487 575 477
M2 Bull NI 467 467 462 482 582 462
  (296-320kg) SI 452 438 435 458 515 435
Local Trade P2 NI 540 540 520 550 610 510
  (180-280kg) SI 510 510 510 510 600 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 443 431 376 518 376
               
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)   562 578 624 570 696 562
  Coarse Xbrd (>35 mic)   551 569 580 503 619 493
  Lambs   618 641 758 654 769 615
               
DAIRY ($/tonne)              
  Butter   3,925 4,104 4,692 4,416 4,826 3,866
  Skimmilk powder   2,508 2,592 2,811 3,197 3,579 2,291
  Wholemilk powder   2,944 3,077 3,257 3,542 4,290 2,614
  Cheese - cheddar   3,780 3,805 4,594 4,614 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 = $5.87
    * before retentions      
Farms for sale   1,979 2,063 2,040 2,412    
    $27,202 $25,970 $28,120 $27,957    

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