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Farm gate newsletter for August 10th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 10th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 92     94 53
  SI   86 - 89     92 41
Prime NI   112 - 121     124 87
  SI   113 - 116     125 83
STEER (c/kg) 481-580 Lwt NI   285 - 289     322 254
Prime SI   288 - 309     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 93.28 89.48 82.48 90.94 104.07 80.15
  SI 91.82 88.03 78.98 91.53 106.40 77.23
Local trade (c/kg) NI 575 555 495 555 625 495
  (16-22kg) SI 570 560 490 550 620 470
MUTTON ($/hd) gross NI 57.12 55.02 50.40 64.47 67.20 49.98
(21.0kg MX1) SI 50.02 48.94 45.58 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 532 505 593 603 490
  (270-295kg) SI 513 508 495 568 575 482
M2 Bull NI 505 510 467 578 578 462
  (296-320kg) SI 462 465 452 512 512 435
Local Trade P2 NI 570 550 540 590 610 490
  (180-280kg) SI 570 540 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 472 451 443 425 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 900 833   1055 1061 833
  Fine Xbrd (31.6-35.0)   545 524 582 668 696 524
  Coarse Xbrd (>35 mic)   513 498 569 578 619 498
  Lambs       634   769 517
               
DAIRY ($/tonne)              
  Butter   4,060 4,059 3,855 4,002 4,826 3,690
  Skimmilk powder   2,694 2,638 2,595 2,305 3,579 2,291
  Wholemilk powder   3,137 3,014 3,039 2,630 4,290 2,614
  Cheese - cheddar   4,111 3,905 3,818 4,421 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 = $5.80
    * before retentions      
Farms for sale   1,570 1,658 1,934 1,991    
    $26,361 $26,683 $27,202 $29,141    

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