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Farm gate newsletter for July 20th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 20th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   77- 93     94 53
  SI   88 - 94     92 41
Prime NI   94 - 121     124 87
  SI   108 - 109     125 83
STEER (c/kg) 481-580 Lwt NI   278 - 282     322 254
Prime SI   295 - 316     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.48 90.07 82.48 88.61 104.07 80.15
  SI 88.03 89.78 78.40 88.61 106.40 77.23
Local trade (c/kg) NI 555 535 495 525 625 495
  (16-22kg) SI 560 520 470 540 620 470
MUTTON ($/hd) gross NI 56.07 55.02 50.40 61.95 67.20 49.98
(21.0kg MX1) SI 49.57 49.57 45.37 55.45 60.07 44.32
BEEF (c/kg)              
P2 steer NI 532 535 500 562 603 490
  (270-295kg) SI 508 510 488 535 575 482
M2 Bull NI 510 522 467 542 582 462
  (296-320kg) SI 465 473 445 492 515 435
Local Trade P2 NI 550 550 540 560 610 490
  (180-280kg) SI 540 530 500 560 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 457 453 443 410 518 410
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 817 894   1008 1061 833
  Fine Xbrd (31.6-35.0)   532 566 573 635 696 524
  Coarse Xbrd (>35 mic)   504 550 553 561 619 498
  Lambs     580 621 707 769 517
               
DAIRY ($/tonne)              
  Butter   4,215 3,825 3,866 4,415 4,826 3,690
  Skimmilk powder   2,739 2,597 2,470 2,937 3,579 2,291
  Wholemilk powder   3,131 3,000 2,899 3,240 4,290 2,614
  Cheese - cheddar   4,056 3,931 3,723 4,890 4,930 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 = $5.53
    * before retentions      
Farms for sale   1,641 1,706 1,999 2,108    
    $26,361 $26,683 $27,202 $29,141    

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