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Farm gate newsletter for September 14th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, September 14th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   99 - 113     109 53
  SI   82 - 83     93 41
Prime NI   122 - 141     128 87
  SI   121 - 131     125 83
STEER (c/kg) 481-580 Lwt NI   295 - 296     322 254
Prime SI   288 - 304     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.32 94.15 90.07 97.65 104.07 80.15
  SI 92.69 92.40 89.78 101.44 106.40 77.23
Local trade (c/kg) NI 595 575 535 595 625 495
  (16-22kg) SI 570 570 510 570 620 470
MUTTON ($/hd) gross NI 57.12 57.12 55.02 64.47 67.20 49.98
(21.0kg MX1) SI 51.67 50.02 49.57 55.87 60.07 44.32
BEEF (c/kg)              
P2 steer NI 535 535 535 603 603 490
  (270-295kg) SI 517 513 510 575 575 482
M2 Bull NI 490 505 522 557 577 462
  (296-320kg) SI 455 462 473 492 512 435
Local Trade P2 NI 590 570 550 600 610 490
  (180-280kg) SI 570 570 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 528 472 453 505 528 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 865 900 894 1061 1061 833
  Fine Xbrd (31.6-35.0)   507 545 568 691 696 521
  Coarse Xbrd (>35 mic)   481 505 554 614 619 493
  Merino   1506     1561 1561 1415
               
DAIRY ($/tonne)              
  Butter   4,575 4,028 3,902 4,469 4,826 3,690
  Skimmilk powder735   2,826 2,674 2,649 2,827 3,579 2,405
  Wholemilk powder   3,700 3,107 3,060 3,204 4,290 2,798
  Cheese - cheddar   4,563 4,079 4,009 4,746 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   1,526 1,552 1,757 1,954    
    $26,492 $26,361 $30,000 $27,800    

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