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Farm gate newsletter for May 18th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 18th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   74 - 78     94 53
  SI   72 - 77     92 41
Prime NI   75 - 102     124 87
  SI   100 - 105     125 83
STEER (c/kg) 481-580 Lwt NI   265 - 277     322 254
Prime SI   270 - 279     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 82.48 82.48 81.61 87.44 104.07 80.15
  SI 83.36 78.40 77.82 83.36 106.40 77.23
Local trade (c/kg) NI 495 495 505 525 625 495
  (16-22kg) SI 490 470 490 500 620 470
MUTTON ($/hd) gross NI 50.40 50.40 51.87 61.95 67.20 49.98
(21.0kg MX1) SI 45.58 45.37 44.32 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 515 500 495 505 603 490
  (270-295kg) SI 495 488 490 483 575 477
M2 Bull NI 480 467 467 477 582 462
  (296-320kg) SI 452 445 438 455 515 435
Local Trade P2 NI 540 540 540 540 610 490
  (180-280kg) SI 530 500 550 510 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 443 443 430 373 518 373
               
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)   577 573 592 619 696 559
  Coarse Xbrd (>35 mic)   560 553 573 543 619 543
  Lambs   615 621 708 678 769 611
               
DAIRY ($/tonne)              
  Butter   3,783 3,922 4,575 4,365 4,826 3,690
  Skimmilk powder   2,515 2,506 2,718 3,011 3,579 2,291
  Wholemilk powder   2,975 2,942 3,150 3,278 4,290 2,614
  Cheese - cheddar   3,764 3,723 4,443 4,684 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   1,882 1,999 2,093 2,329    
    $30,000 $27,202 $27,395 $28,688    

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