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Farm gate newsletter for July 27th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 27th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 95     94 53
  SI   78 - 88     92 41
Prime NI   96 - 116     124 87
  SI   109 - 117     125 83
STEER (c/kg) 481-580 Lwt NI   273 - 280     322 254
Prime SI   298 - 316     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 91.53 89.48 82.48 89.19 104.07 80.15
  SI 89.19 88.03 78.40 89.19 106.40 77.23
Local trade (c/kg) NI 555 545 495 535 625 495
  (16-22kg) SI 560 530 480 550 620 470
MUTTON ($/hd) gross NI 56.07 55.02 50.40 62.37 67.20 49.98
(21.0kg MX1) SI 49.57 48.94 45.37 55.24 60.07 44.32
BEEF (c/kg)              
P2 steer NI 532 527 500 575 603 490
  (270-295kg) SI 508 505 488 547 575 482
M2 Bull NI 510 515 467 557 582 462
  (296-320kg) SI 465 468 452 495 515 435
Local Trade P2 NI 550 550 540 570 610 490
  (180-280kg) SI 560 530 510 570 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 466 449 443 411 518 411
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 817 864   1008 1061 833
  Fine Xbrd (31.6-35.0)   531 552 562 638 696 524
  Coarse Xbrd (>35 mic)   501 529 551 566 619 498
  Lambs     560 618   769 517
               
DAIRY ($/tonne)              
  Butter   4,036 3,944 3,925 4,262 4,826 3,690
  Skimmilk powder   2,750 2,694 2,508 2,603 3,579 2,291
  Wholemilk powder   3,160 2,984 2,944 2,847 4,290 2,614
  Cheese - cheddar   4,053 4,050 3,780 4,828 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 = $5.65
    * before retentions      
Farms for sale   1,631 1,669 1,979 2,041    
    $26,361 $26,683 $27,202 $29,141    

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