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Farm gate newsletter for August 17th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 17th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 97     94 53
  SI   83 - 84     92 41
Prime NI   107 - 121     124 87
  SI   109 - 113     125 83
STEER (c/kg) 481-580 Lwt NI   289 - 291     322 254
Prime SI   286 - 311     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 94.15 89.48 82.48 91.23 104.07 80.15
  SI 92.40 88.03 83.36 91.82 106.40 77.23
Local trade (c/kg) NI 575 555 505 565 625 495
  (16-22kg) SI 570 560 490 550 620 470
MUTTON ($/hd) gross NI 57.12 56.07 50.40 64.47 67.20 49.98
(21.0kg MX1) SI 50.02 49.57 45.58 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 532 515 603 603 490
  (270-295kg) SI 515 508 495 575 575 482
M2 Bull NI 505 510 480 582 582 462
  (296-320kg) SI 462 465 452 515 515 435
Local Trade P2 NI 570 550 540 600 610 490
  (180-280kg) SI 570 540 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 472 457 443 437 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 900 817   1055 1061 833
  Fine Xbrd (31.6-35.0)   545 532 577 684 696 524
  Coarse Xbrd (>35 mic)   505 504 560 581 619 498
  Lambs       615   769 517
               
DAIRY ($/tonne)              
  Butter   4,026 4,142 3,783 3,978 4,826 3,690
  Skimmilk powder   2,672 2,692 2,515 2,291 3,579 2,291
  Wholemilk powder   3,105 3,076 2,975 2,614 4,290 2,614
  Cheese - cheddar   4,077 3,985 3,764 4,395 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 = $5.83
    * before retentions      
Farms for sale   1,552 1,641 1,882 1,988    
    $26,361 $26,683 $27,202 $29,141    

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