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Farm gate newsletter for September 7th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, September 7th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   67 - 108     97 53
  SI   70 - 87     92 41
Prime NI   116 - 134     127 87
  SI   117 - 119     125 83
STEER (c/kg) 481-580 Lwt NI   285 - 300     322 254
Prime SI   291 - 308     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.03 94.15 90.65 97.07 104.07 80.15
  SI 93.28 91.82 90.65 99.69 106.40 77.23
Local trade (c/kg) NI 595 575 525 595 625 495
  (16-22kg) SI 570 570 500 560 620 470
MUTTON ($/hd) gross NI 57.12 57.12 55.02 64.47 67.20 49.98
(21.0kg MX1) SI 52.30 50.02 49.57 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 540 535 535 603 603 490
  (270-295kg) SI 520 513 510 575 575 482
M2 Bull NI 500 505 527 557 577 462
  (296-320kg) SI 462 462 473 492 512 435
Local Trade P2 NI 590 570 540 600 610 490
  (180-280kg) SI 570 570 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 476 472 461 494 518 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 922 900 833 1041 1061 833
  Fine Xbrd (31.6-35.0)   521 545 548 664 696 521
  Coarse Xbrd (>35 mic)   493 513 526 586 619 493
  Merino   1539     1561 1561 1415
               
DAIRY ($/tonne)              
  Butter   4,582 4,036 3,838 4,501 4,826 3,690
  Skimmilk powder735   2,830 2,679 2,424 2,847 3,579 2,405
  Wholemilk powder   3,706 3,113 2,987 3,226 4,290 2,798
  Cheese - cheddar   4,515 4,087 3,783 4,779 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 = $5.83
    * before retentions      
Farms for sale   1,501 1,570 1,764 1,959    
    $26,492 $26,361 $30,000 $27,800    

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