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Farm gate newsletter for September 21st 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, September 21st 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   97 - 111     109 53
  SI   82 - 93     93 41
Prime NI   122 - 141     128 87
  SI   124 - 131     126 83
STEER (c/kg) 481-580 Lwt NI   284 - 304     322 254
Prime SI   291 - 304     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.32 94.44 90.07 99.40 104.07 80.15
  SI 92.69 92.69 89.19 101.15 106.40 77.23
Local trade (c/kg) NI 595 595 535 600 625 495
  (16-22kg) SI 570 570 520 570 620 470
MUTTON ($/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 56.50 60.07 44.32
BEEF (c/kg)              
P2 steer NI 530 535 535 603 603 490
  (270-295kg) SI 513 517 510 575 575 482
M2 Bull NI 482 500 522 557 557 462
  (296-320kg) SI 450 462 473 492 492 435
Local Trade P2 NI 590 580 550 600 610 490
  (180-280kg) SI 570 570 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 472 453 513 530 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 865 928 864 1061 1061 817
  Fine Xbrd (31.6-35.0)   494 535 566 668 696 494
  Coarse Xbrd (>35 mic)   470 505 550 600 619 470
  Merino   1506     1561 1561 1415
               
DAIRY ($/tonne)              
  Butter   5,370 4,344 3,825 4,724 5,370 3,690
  Skimmilk powder735   3,129 2,756 2,597 3,063 3,312 2,405
  Wholemilk powder   3,899 3,614 3,000 3,638 4,290 2,798
  Cheese - cheddar   4,805 4,410 3,931 4,745 4,903 3,654
               
  Fonterra milk price   2015/16 forecast $3.90 2016/17 forecast $5.25*
  Fonterra dividend   2015/16 forecast $0.40 2016/17 forecast 0.50-0.60c
  Fonterra wet share price   $7.92 NZX FCG = $5.91
    * before retentions      
Farms for sale   1,527 1,548 1,706 1,965    
    $27,500 $26,492 $26,683 $27,800    

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