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Farm gate newsletter for June 29th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, Jun 29th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   82 - 87     94 53
  SI   80 - 84     92 41
Prime NI   98 - 112     124 87
  SI   106 - 111     125 83
STEER (c/kg) 481-580 Lwt NI   269 - 286     322 254
Prime SI   281 - 309     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.48 88.90 81.32 86.86 104.07 80.15
  SI 88.03 97.15 77.23 84.53 106.40 77.23
Local trade (c/kg) NI 545 515 495 525 625 495
  (16-22kg) SI 530 500 475 530 620 470
MUTTON ($/hd) gross NI 55.02 54.18 49.98 61.95 67.20 49.98
(21.0kg MX1) SI 48.94 48.16 44.95 54.82 60.07 44.32
BEEF (c/kg)              
P2 steer NI 527 535 500 520 603 490
  (270-295kg) SI 505 505 493 508 575 482
M2 Bull NI 515 522 467 502 582 462
  (296-320kg) SI 468 470 438 478 515 435
Local Trade P2 NI 550 540 540 540 610 490
  (180-280kg) SI 530 530 510 530 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 449 454 443 390 518 390
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 864     1008 1061 864
  Fine Xbrd (31.6-35.0)   552 580 578 643 696 552
  Coarse Xbrd (>35 mic)   529 574 569 557 619 529
  Lambs   560 609 641 707 769 560
               
DAIRY ($/tonne)              
  Butter   3,944 3,925 3,978 4,316 4,826 3,690
  Skimmilk powder   2,629 2,548 2,513 3,005 3,579 2,291
  Wholemilk powder   2,984 3,054 2,983 3,408 4,290 2,614
  Cheese - cheddar   4,050 3,868 3,689 4,947 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 = $5.42
    * before retentions      
Farms for sale   1,669 1,824 2,063 2,196    
    $26,683 $30,000 $25,970 $28,563    

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