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Farm gate newsletter for November 9th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 9th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   66 - 76     109 53
  SI   67 - 68     93 41
Prime NI   95 - 110     130 87
  SI   114 - 115     115 83
STEER (c/kg) 481-580 Lwt NI   278 - 280     302 254
Prime SI   289 - 290     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.61 101.44 94.15 97.36 102.03 80.15
  SI 95.61 101.44 91.82 100.57 101.44 77.23
Local trade (c/kg) NI 575 595 575 625 625 495
  (16-22kg) SI 580 590 570 620 620 470
MUTTON ($/hd) gross NI 59.22 59.22 57.12 66.15 66.15 49.98
(21.0kg MX1) SI 58.39 58.39 50.02 59.02 59.02 44.32
BEEF (c/kg)              
P2 steer NI 517 542 535 547 552 490
  (270-295kg) SI 508 528 513 532 535 482
M2 Bull NI 477 500 505 505 527 462
  (296-320kg) SI 460 468 462 467 473 435
Local Trade P2 NI 540 560 570 560 590 490
  (180-280kg) SI 540 560 570 570 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 498 530 472 495 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 787 830 900 922 952 787
  Fine Xbrd (31.6-35.0)   454 463 545 628 642 454
  Coarse Xbrd (>35 mic)   446 454 505 593 598 446
  Merino   1544 1493   1415 1544 1415
               
DAIRY ($/tonne)              
  Butter   5,455 5,443 4,060 4,826 5,614 3,690
  Skimmilk powder735   3,085 3,430 2,694 3,312 3,430 2,405
  Wholemilk powder   3,852 4,042 3,137 4,290 4,290 2,798
  Cheese - cheddar   4,962 5,111 4,111 4,903 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   1,752 1,628 1,570 2,238    
    $26,825 $27,500 $26,361 $26,020    

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