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Farm gate newsletter for October 26th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, October 26th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   79 - 92     109 53
  SI   83 - 102     93 41
Prime NI   110 - 123     130 87
  SI   110 - 125     126 83
STEER (c/kg) 481-580 Lwt NI   276 - 281     302 254
Prime SI   281 - 302     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 100.28 95.90 91.93 104.07 104.07 80.15
  SI 100.28 94.44 89.19 105.53 105.53 77.23
Local trade (c/kg) NI 595 595 555 625 625 495
  (16-22kg) SI 590 570 560 610 620 470
MUTTON ($/hd) gross NI 59.22 57.12 56.07 67.20 67.20 49.98
(21.0kg MX1) SI 58.39 51.67 49.57 60.07 60.07 44.32
BEEF (c/kg)              
P2 steer NI 532 525 532 587 587 490
  (270-295kg) SI 522 510 508 562 562 482
M2 Bull NI 485 477 510 520 527 462
  (296-320kg) SI 458 447 465 483 483 435
Local Trade P2 NI 550 570 550 590 590 490
  (180-280kg) SI 550 560 560 590 590 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 522 530 466 511 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 787 840 817 891 952 787
  Fine Xbrd (31.6-35.0)   466 489 531 617 642 463
  Coarse Xbrd (>35 mic)   456 474 501 588 598 454
  Merino   1544 1498   1419 1544 1415
               
DAIRY ($/tonne)              
  Butter   5,556 5,402 4,036 4,684 5,606 3,690
  Skimmilk powder735   3,366 3,141 2,750 3,190 3,430 2,405
  Wholemilk powder   3,927 3,925 3,160 4,075 4,290 2,798
  Cheese - cheddar   5,119 4,824 4,053 4,721 5,164 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 = $5.92

    * before retentions      
Farms for sale   1,693 1,545 1,631 2,190    
    $26,825 $27,500 $26,361 $26,020    

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