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Farm gate newsletter for May 4th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 4th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   72 - 82     94 53
  SI   71 - 74     92 41
Prime NI   78 - 99     124 87
  SI   90 - 95     125 83
STEER (c/kg) 481-580 Lwt NI   271 - 273     322 254
Prime SI   285 - 287     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 82.48 81.90 85.11 86.28 104.07 80.15
  SI 78.40 77.32 82.48 83.36 106.40 77.23
Local trade (c/kg) NI 515 495 515 535 625 495
  (16-22kg) SI 490 470 500 520 620 470
MUTTON ($/hd) gross NI 50.40 49.98 51.87 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 505 500 495 505 603 495
  (270-295kg) SI 492 488 490 487 575 477
M2 Bull NI 467 467 467 472 582 462
  (296-320kg) SI 452 438 438 438 515 435
Local Trade P2 NI 540 540 530 550 610 510
  (180-280kg) SI 520 500 520 510 600 500
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)   559 565 621 568 696 559
  Coarse Xbrd (>35 mic)   551 553 577 500 619 500
  Lambs   611 615 748 648 769 611
               
DAIRY ($/tonne)              
  Butter   3,690 4,036 4,573 4,445 4,826 3,690
  Skimmilk powder   2,483 2,549 2,717 3,118 3,579 2,291
  Wholemilk powder   2,909 3,026 3,122 3,450 4,290 2,614
  Cheese - cheddar   3,654 3,742 4,441 4,644 5,055 3,654
               
  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 = $5.80
    * before retentions      
Farms for sale   1,954 2,022 2,053 2,378    
    $27,202 $25,970 $28,120 $27,957    

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