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Farm gate newsletter for May 11th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 11th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   68 - 80     94 53
  SI   70 - 74     92 41
Prime NI   85 - 102     124 87
  SI   92 - 95     125 83
STEER (c/kg) 481-580 Lwt NI   265 - 273     322 254
Prime SI   273 - 278     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 82.48 81.90 83.94 87.44 104.07 80.15
  SI 78.98 77.82 79.57 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 515 525 625 495
  (16-22kg) SI 490 470 500 510 620 470
MUTTON ($/hd) gross NI 50.40 49.98 52.50 61.95 67.20 49.98
(21.0kg MX1) SI 45.58 44.95 44.74 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 505 500 495 505 603 495
  (270-295kg) SI 495 488 490 487 575 477
M2 Bull NI 467 467 467 477 582 462
  (296-320kg) SI 452 438 438 455 515 435
Local Trade P2 NI 540 540 530 540 610 490
  (180-280kg) SI 530 500 540 510 600 477
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)   582 573 594 613 696 559
  Coarse Xbrd (>35 mic)   569 564 567 544 619 543
  Lambs   634 624 724 685 769 611
               
DAIRY ($/tonne)              
  Butter   3,855 4,004 4,563 4,510 4,826 3,690
  Skimmilk powder   2,595 2,529 2,711 3,164 3,579 2,291
  Wholemilk powder   3,039 3,002 3,142 3,500 4,290 2,614
  Cheese - cheddar   3,818 3,713 4,431 4,712 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 = $5.82
    * before retentions      
Farms for sale   1,934 2,014 2,076 2,346    
    $27,202 $25,970 $28,120 $27,957    

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