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Farm gate newsletter for June 8th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, Jun 8th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   77 - 82     94 53
  SI   66 - 81     92 41
Prime NI   100 - 104     124 87
  SI   109 - 112     125 83
STEER (c/kg) 481-580 Lwt NI   276 - 284     322 254
Prime SI   278 - 300     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 90.65 82.48 80.15 86.86 104.07 80.15
  SI 90.65 78.98 77.23 83.94 106.40 77.23
Local trade (c/kg) NI 525 495 495 525 625 495
  (16-22kg) SI 500 490 480 500 620 470
MUTTON ($/hd) gross NI 55.02 50.40 49.98 61.95 67.20 49.98
(21.0kg MX1) SI 49.15 45.58 44.95 54.19 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 505 505 490 603 490
  (270-295kg) SI 510 495 497 482 575 482
M2 Bull NI 527 467 472 467 582 462
  (296-320kg) SI 473 452 442 448 515 435
Local Trade P2 NI 540 540 540 540 610 490
  (180-280kg) SI 530 530 550 520 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 461 443 440 378 518 378
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 894     1013 1061 891
  Fine Xbrd (31.6-35.0)   584 582 594 657 696 559
  Coarse Xbrd (>35 mic)   571 569 575 563 619 551
  Lambs   618 634 650 439 769 609
               
DAIRY ($/tonne)              
  Butter   3,838 3,855 4,240 4,472 4,826 3,690
  Skimmilk powder   2,424 2,595 2,598 2,912 3,579 2,291
  Wholemilk powder   2,987 3,039 2,949 3,350 4,290 2,614
  Cheese - cheddar   3,783 3,818 4,055 4,841 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 = $5.59
    * before retentions      
Farms for sale   1,764 1,934 2,066 2,147    
    $30,000 $27,202 $27,395 $28,688    

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