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Farm gate newsletter for October 12th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, October 12th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   95 - 111     109 53
  SI   65 - 86     93 41
Prime NI   120 - 133     130 87
  SI   118 - 126     126 83
STEER (c/kg) 481-580 Lwt NI   280 - 283     322 254
Prime SI   300 - 310     331 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 101.44 95.32 89.48 104.07 104.07 80.15
  SI 100.28 92.69 88.03 106.40 106.40 77.23
Local trade (c/kg) NI 595 595 555 595 625 495
  (16-22kg) SI 590 570 560 570 620 470
MUTTON ($/hd) gross NI 59.22 57.12 55.02 64.47 67.20 49.98
(21.0kg MX1) SI 58.39 51.67 48.94 57.97 60.07 44.32
BEEF (c/kg)              
P2 steer NI 542 535 532 603 603 490
  (270-295kg) SI 528 517 508 575 575 482
M2 Bull NI 500 482 510 525 527 462
  (296-320kg) SI 468 450 465 487 487 435
Local Trade P2 NI 550 590 550 600 600 490
  (180-280kg) SI 560 570 540 590 600 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 530 528 451 518 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 830 865 833 987 987 817
  Fine Xbrd (31.6-35.0)   463 507 524 669 669 470
  Coarse Xbrd (>35 mic)   454 481 498 610 610 456
  Merino   1493 1506   1446 1539 1415
               
DAIRY ($/tonne)              
  Butter   5,443 4,575 4,142 4,647 5,443 3,690
  Skimmilk powder735   3,430 2,826 2,692 3,165 3,430 2,405
  Wholemilk powder   4,042 3,700 3,076 4,043 4,290 2,798
  Cheese - cheddar   5,111 4,563 3,985 4,684 5,111 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   1,628 1,526 1,658 2,106    
    $27,500 $26,492 $26,683 $27,800    

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