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Farm gate newsletter for August 24th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 24th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 102     94 53
  SI   81 - 88     92 41
Prime NI   118 - 130     124 87
  SI   114 - 119     125 83
STEER (c/kg) 481-580 Lwt NI   289 - 296     322 254
Prime SI   271 - 293     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 94.44 91.53 83.94 92.98 104.07 80.15
  SI 92.69 89.19 84.53 95.03 106.40 77.23
Local trade (c/kg) NI 595 555 515 575 625 495
  (16-22kg) SI 570 560 490 550 620 470
MUTTON ($/hd) gross NI 57.12 56.07 51.03 64.47 67.20 49.98
(21.0kg MX1) SI 50.02 49.57 48.16 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 532 520 603 603 490
  (270-295kg) SI 517 508 498 575 575 482
M2 Bull NI 500 510 495 577 577 462
  (296-320kg) SI 462 465 458 512 512 435
Local Trade P2 NI 580 550 540 600 610 490
  (180-280kg) SI 570 560 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 472 466 443 453 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 928 817   1053 1061 833
  Fine Xbrd (31.6-35.0)   535 531 582 683 696 524
  Coarse Xbrd (>35 mic)   505 501 579 576 619 498
  Lambs       622   769 517
               
DAIRY ($/tonne)              
  Butter   4,308 4,046 3,827 4,139 4,826 3,690
  Skimmilk powder735   2,735 2,757 2,545 2,362 3,579 2,362
  Wholemilk powder   3,641 3,168 3,010 2,798 4,290 2,798
  Cheese - cheddar   4,376 4,063 3,808 4,555 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 = $5.90
    * before retentions      
Farms for sale   1,548 1,631 1,843 1,975    
    $26,492 $26,361 $30,000 $27,800    

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