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Farm gate newsletter for September 28th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, September 28th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   90 - 105     109 53
  SI   91 - 96     93 41
Prime NI   116 - 132     130 87
  SI   124 - 128     126 83
STEER (c/kg) 481-580 Lwt NI   284 - 286     322 254
Prime SI   296 - 305     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.90 95.03 89.48 100.57 104.07 80.15
  SI 94.44 93.28 88.03 102.32 106.40 77.23
Local trade (c/kg) NI 595 595 545 615 625 495
  (16-22kg) SI 570 570 530 600 620 470
MUTTON ($/hd) gross NI 57.12 57.75 55.02 64.47 67.20 49.98
(21.0kg MX1) SI 51.67 52.30 49.57 57.34 60.07 44.32
BEEF (c/kg)              
P2 steer NI 525 540 527 603 603 490
  (270-295kg) SI 510 520 505 575 575 482
M2 Bull NI 477 500 515 552 552 462
  (296-320kg) SI 447 462 468 488 497 435
Local Trade P2 NI 570 590 550 600 610 490
  (180-280kg) SI 560 570 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 472 449 518 530 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 840 922 864 1051 1051 817
  Fine Xbrd (31.6-35.0)   489 539 552 696 678 489
  Coarse Xbrd (>35 mic)   474 502 529 609 619 470
  Merino   1498 1539   1501 1539 1415
               
DAIRY ($/tonne)              
  Butter   5,402 4,308 3,944 4,741 5,402 3,690
  Skimmilk powder735   3,147 2,735 2,629 3,074 3,312 2,405
  Wholemilk powder   3,922 3,641 2,984 3,650 4,290 2,798
  Cheese - cheddar   4,834 4,376 4,050 4,761 4,903 3,654
               
  Fonterra milk price   2015/16 final $3.90 2016/17 forecast $5.25*
  Fonterra dividend   2015/16 final $0.40 2016/17 forecast 0.50-0.60c
  Fonterra wet share price   $7.92 NZX FCG = $5.94
    * before retentions      
Farms for sale   1,545 1,548 1,669 1,975    
    $27,500 $26,492 $26,683 $27,800    

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