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Farm gate newsletter for June 22nd 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, Jun 22nd 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   71 - 83     94 53
  SI   83 - 86     92 41
Prime NI   96 - 106     124 87
  SI   107 - 108     125 83
STEER (c/kg) 481-580 Lwt NI   269 - 281     322 254
Prime SI   287 - 300     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 90.07 83.94 81.03 86.86 104.07 80.15
  SI 89.19 84.53 77.23 83.94 106.40 77.23
Local trade (c/kg) NI 535 515 495 525 625 495
  (16-22kg) SI 520 490 480 510 620 470
MUTTON ($/hd) gross NI 55.02 51.03 49.98 61.95 67.20 49.98
(21.0kg MX1) SI 49.57 48.16 44.95 54.82 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 520 505 510 603 490
  (270-295kg) SI 510 498 497 495 575 482
M2 Bull NI 522 495 472 487 582 462
  (296-320kg) SI 473 458 442 462 515 435
Local Trade P2 NI 550 540 540 540 610 490
  (180-280kg) SI 530 530 530 520 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 454 441 441 381 518 381
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 864     1013 1061 891
  Fine Xbrd (31.6-35.0)   566 582 596 653 696 559
  Coarse Xbrd (>35 mic)   550 579 574 554 619 551
  Lambs   580 622 650 733 769 589
               
DAIRY ($/tonne)              
  Butter   3,825 3,805 4,066 4,261 4,826 3,690
  Skimmilk powder   2,597 2,530 2,568 2,987 3,579 2,291
  Wholemilk powder   3,000 2,992 3,049 3,332 4,290 2,614
  Cheese - cheddar   3,931 3,786 3,771 5,026 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 = $5.45
    * before retentions      
Farms for sale   1,706 1,873 2,066 2,202    
    $26,683 $27,202 $27,395 $28,563    

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