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Farm gate newsletter for June 1st 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, Jun 1st 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   73 - 81     94 53
  SI   76 - 77     92 41
Prime NI   93 - 102     124 87
  SI   104 - 106     125 83
STEER (c/kg) 481-580 Lwt NI   276 - 277     322 254
Prime SI   271 - 288     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.48 82.48 80.15 86.86 104.07 80.15
  SI 88.90 78.40 77.23 83.36 106.40 77.23
Local trade (c/kg) NI 515 515 495 525 625 495
  (16-22kg) SI 500 490 490 500 620 470
MUTTON ($/hd) gross NI 54.18 50.40 49.98 61.95 67.20 49.98
(21.0kg MX1) SI 48.16 45.37 44.95 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 505 495 490 603 490
  (270-295kg) SI 505 492 490 477 575 477
M2 Bull NI 522 467 467 467 582 462
  (296-320kg) SI 470 452 438 448 515 435
Local Trade P2 NI 540 540 520 540 610 490
  (180-280kg) SI 530 520 510 510 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 454 443 437 376 518 376
               
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)   580 559 600 634 696 559
  Coarse Xbrd (>35 mic)   574 551 579 548 619 551
  Lambs   609 611 678 693 769 609
               
DAIRY ($/tonne)              
  Butter   3,941 3,722 4,391 4,402 4,826 3,690
  Skimmilk powder   2,528 2,505 2,744 2,866 3,579 2,291
  Wholemilk powder   3,066 2,935 2,978 3,297 4,290 2,614
  Cheese - cheddar   3,884 3,686 4,316 4,765 5,055 3,654
               
  Fonterra milk price   2015/16 forecast $3.90 2016/17 forecast $4.25*
  Fonterra dividend   2015/16 forecast $0.40 2016/17 forecast 
  Fonterra wet share price   $7.92 NZX FCG = $5.85
    * before retentions      
Farms for sale   1,824 1,979 2,101 2,316    
    $30,000 $27,202 $27,395 $28,688    

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