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Farm gate newsletter for November 2nd 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 2nd 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   69 - 93     109 53
  SI   65 - 66     93 41
Prime NI   97 - 114     130 87
  SI   113 - 115     115 83
STEER (c/kg) 481-580 Lwt NI   279 - 281     302 254
Prime SI   276 - 311     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 96.19 100.86 92.40 101.73 101.73 80.15
  SI 97.07 100.28 90.94 104.36 104.36 77.23
Local trade (c/kg) NI 595 595 565 625 625 495
  (16-22kg) SI 590 590 560 610 620 470
MUTTON ($/hd) gross NI 59.22 59.22 57.12 67.20 67.20 49.98
(21.0kg MX1) SI 58.39 58.39 50.02 60.07 60.07 44.32
BEEF (c/kg)              
P2 steer NI 522 552 540 567 587 490
  (270-295kg) SI 512 535 513 548 562 482
M2 Bull NI 485 510 510 510 527 462
  (296-320kg) SI 465 475 465 473 483 435
Local Trade P2 NI 550 560 560 570 590 490
  (180-280kg) SI 550 560 560 580 580 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 514 534 466 502 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 787 840 890 891 952 787
  Fine Xbrd (31.6-35.0)   454 470 545 601 642 454
  Coarse Xbrd (>35 mic)   446 456 514 574 598 446
  Merino   1544 1498   1419 1544 1415
               
DAIRY ($/tonne)              
  Butter   5,586 5,375 3,936 4,658 5,614 3,690
  Skimmilk powder735   3,159 3,388 2,682 3,197 3,430 2,405
  Wholemilk powder   3,945 3,992 3,082 4,140 4,290 2,798
  Cheese - cheddar   5,044 5,047 3,953 4,732 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 = $5.87

    * before retentions      
Farms for sale   1,725 1,541 1,587 2,202    
    $26,825 $27,500 $26,361 $26,020    

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