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Farm gate newsletter for November 16th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 16th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   62 - 77     109 53
  SI   71 - 80     93 41
Prime NI   91 - 105     130 87
  SI   90 - 103     115 83
STEER (c/kg) 481-580 Lwt NI   260 - 276     302 254
Prime SI   290 - 300     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 93.57 101.44 94.15 95.90 102.03 80.15
  SI 94.15 101.44 92.40 97.07 101.44 77.23
Local trade (c/kg) NI 575 595 575 595 595 495
  (16-22kg) SI 560 590 570 600 600 470
MUTTON ($/hd) gross NI 59.22 59.22 57.12 63.21 64.05 49.98
(21.0kg MX1) SI 58.39 58.39 50.02 58.39 58.39 44.32
BEEF (c/kg)              
P2 steer NI 517 540 535 537 552 490
  (270-295kg) SI 508 527 513 525 535 482
M2 Bull NI 477 495 505 500 527 462
  (296-320kg) SI 458 465 462 463 473 435
Local Trade P2 NI 540 550 570 550 590 490
  (180-280kg) SI 540 550 570 550 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 486 530 472 479 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 766 830 900 922 952 766
  Fine Xbrd (31.6-35.0)   438 463 545 628 642 438
  Coarse Xbrd (>35 mic)   429 454 505 593 598 429
  Merino   1587 1493   1415 1544 1415
               
DAIRY ($/tonne)              
  Butter   5,747 5,606 4,026 4,402 5,747 3,690
  Skimmilk powder   3,276 3,396 2,672 3,167 3,430 2,405
  Wholemilk powder   4,345 3,962 3,105 3,862 4,345 2,798
  Cheese - cheddar   5,063 5,164 4,077 4,866 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 = $5.94

    * before retentions      
Farms for sale   1,768 1,660 1,552 2,211    
    $26,825 $27,500 $26,361 $26,020    

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