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Farm gate newsletter for August 3rd 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 3rd 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   104 - 116     124 87
  SI   109 - 117     125 83
STEER (c/kg) 481-580 Lwt NI   280 - 281     322 254
Prime SI   296 - 312     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 92.40 89.48 82.48 89.19 104.07 80.15
  SI 90.94 88.03 78.40 90.36 106.40 77.23
Local trade (c/kg) NI 565 545 515 545 625 495
  (16-22kg) SI 560 550 490 550 620 470
MUTTON ($/hd) gross NI 57.12 55.02 50.40 63.00 67.20 49.98
(21.0kg MX1) SI 50.02 48.94 45.37 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 540 527 505 580 603 490
  (270-295kg) SI 513 505 492 557 575 482
M2 Bull NI 510 510 467 572 582 462
  (296-320kg) SI 465 465 452 505 515 435
Local Trade P2 NI 560 550 540 580 610 490
  (180-280kg) SI 560 530 520 580 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 466 449 443 425 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 890 833   1035 1061 833
  Fine Xbrd (31.6-35.0)   545 548 559 657 696 524
  Coarse Xbrd (>35 mic)   514 526 551 572 619 498
  Lambs     517 611   769 517
               
DAIRY ($/tonne)              
  Butter   3,936 3,865 3,690 4,305 4,826 3,690
  Skimmilk powder   2,682 2,595 2,483 2,629 3,579 2,291
  Wholemilk powder   3,082 2,946 2,909 2,876 4,290 2,614
  Cheese - cheddar   3,953 3,998 3,654 4,877 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 0.50-0.60c
  Fonterra wet share price   $7.92 NZX FCG = $5.70
    * before retentions      
Farms for sale   1,587 1,637 1,954 2,019    
    $26,361 $26,683 $27,202 $29,141    

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