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Farm gate newsletter for July 13th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 13th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   80 - 94     94 53
  SI   88 - 90     92 41
Prime NI   95 - 118     124 87
  SI   107 - 113     125 83
STEER (c/kg) 481-580 Lwt NI   280 - 284     322 254
Prime SI   291 - 310     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.48 90.07 81.90 86.86 104.07 80.15
  SI 88.03 89.78 77.82 86.86 106.40 77.23
Local trade (c/kg) NI 555 535 495 525 625 495
  (16-22kg) SI 560 510 470 540 620 470
MUTTON ($/hd) gross NI 55.02 55.02 49.98 61.95 67.20 49.98
(21.0kg MX1) SI 48.94 49.57 44.95 55.45 60.07 44.32
BEEF (c/kg)              
P2 steer NI 532 535 500 542 603 490
  (270-295kg) SI 508 510 488 522 575 482
M2 Bull NI 510 522 467 527 582 462
  (296-320kg) SI 465 473 438 485 515 435
Local Trade P2 NI 550 550 540 550 610 490
  (180-280kg) SI 540 530 500 550 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 451 453 443 400 518 400
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 833 894   1008 1061 833
  Fine Xbrd (31.6-35.0)   524 568 573 635 696 524
  Coarse Xbrd (>35 mic)   498 554 553 561 619 498
  Lambs   517 589 621 707 769 517
               
DAIRY ($/tonne)              
  Butter   4,059 3,902 4,404 4,359 4,826 3,690
  Skimmilk powder   2,638 2,649 2,529 2,899 3,579 2,291
  Wholemilk powder   3,014 3,060 3,002 3,199 4,290 2,614
  Cheese - cheddar   3,905 4,009 3,777 4,827 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 = $5.47
    * before retentions      
Farms for sale   1,658 1,757 2,014 2,116    
    $26,683 $30,000 $25,970 $28,563    

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