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Farm gate newsletter for August 31st 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 31st 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   100 - 115     109 53
  SI   70 - 87     92 41
Prime NI   116 - 130     127 87
  SI   117 - 119     125 83
STEER (c/kg) 481-580 Lwt NI   295 - 302     322 254
Prime SI   300 - 314     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.03 92.40 89.48 94.44 104.07 80.15
  SI 93.28 90.94 88.90 96.48 106.40 77.23
Local trade (c/kg) NI 595 555 515 585 625 495
  (16-22kg) SI 570 560 500 550 620 470
MUTTON ($/hd) gross NI 57.12 57.12 54.18 64.47 67.20 49.98
(21.0kg MX1) SI 52.30 50.02 48.16 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 540 540 535 603 603 490
  (270-295kg) SI 520 513 505 575 575 482
M2 Bull NI 500 510 522 567 577 462
  (296-320kg) SI 462 465 470 505 512 435
Local Trade P2 NI 590 560 540 600 610 490
  (180-280kg) SI 570 560 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 472 466 454 479 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI 922 890   1041 1061 833
  Fine Xbrd (31.6-35.0)   539 545 580 664 696 524
  Coarse Xbrd (>35 mic)   502 514 574 576 619 498
  Lambs       609   769 517
               
DAIRY ($/tonne)              
  Butter   4,352 3,973 3,941 4,215 4,826 3,690
  Skimmilk powder735   2,763 2,707 2,528 2,405 3,579 2,405
  Wholemilk powder   3,678 3,111 3,066 2,849 4,290 2,798
  Cheese - cheddar   4,421 3,990 3,884 4,638 4,930 3,654
               
  Fonterra milk price   2015/16 forecast $3.90 2016/17 forecast $4.75*
  Fonterra dividend   2015/16 forecast $0.40 2016/17 forecast 0.50-0.60c
  Fonterra wet share price   $7.92 NZX FCG = $5.86
    * before retentions      
Farms for sale   1,510 1,631 1,824 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