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Farm gate newsletter for October 5th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, October 5th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   74 - 111     109 53
  SI   91 - 92     93 41
Prime NI   121 - 128     130 87
  SI   121 - 127     126 83
STEER (c/kg) 481-580 Lwt NI   273 - 279     322 254
Prime SI   299 - 307     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 100.86 95.03 89.48 101.73 104.07 80.15
  SI 101.44 93.28 88.03 104.65 106.40 77.23
Local trade (c/kg) NI 595 595 545 625 625 495
  (16-22kg) SI 590 570 550 610 620 470
MUTTON ($/hd) gross NI 59.22 57.75 55.02 64.47 67.20 49.98
(21.0kg MX1) SI 58.39 52.30 48.94 57.97 60.07 44.32
BEEF (c/kg)              
P2 steer NI 552 540 527 603 603 490
  (270-295kg) SI 535 520 505 575 575 482
M2 Bull NI 510 500 510 552 552 462
  (296-320kg) SI 475 462 465 497 497 435
Local Trade P2 NI 560 590 550 610 610 490
  (180-280kg) SI 560 570 530 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 534 476 449 518 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 840 922 833 1051 1051 817
  Fine Xbrd (31.6-35.0)   470 521 548 678 678 470
  Coarse Xbrd (>35 mic)   456 493 526 619 619 456
  Merino   1498 1539   1501 1539 1415
               
DAIRY ($/tonne)              
  Butter   5,326 4,669 3,853 4,702 5,402 3,690
  Skimmilk powder735   3,357 2,883 2,568 3,161 3,388 2,405
  Wholemilk powder   3,955 3,776 2,915 4,047 4,290 2,798
  Cheese - cheddar   5,001 4,600 3,957 4,780 5,047 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 = $5.95
    * before retentions      
Farms for sale   1,541 1,501 1,637 1,976    
    $27,500 $26,492 $26,683 $27,800    

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