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Farm gate newsletter for November 23rd 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 23rd 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   61 - 79     109 53
  SI   71 - 80     93 41
Prime NI   96 - 112     130 87
  SI   103 - 121     115 83
STEER (c/kg) 481-580 Lwt NI   274 - 276     302 254
Prime SI   296 - 316     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 92.11 100.28 94.44 93.86 102.03 80.15
  SI 92.69 100.28 92.69 94.15 101.44 77.23
Local trade (c/kg) NI 575 595 595 575 595 495
  (16-22kg) SI 550 590 570 570 590 470
MUTTON ($/hd) gross NI 59.22 59.22 57.12 64.05 64.05 49.98
(21.0kg MX1) SI 58.39 58.39 50.02 57.97 58.39 44.32
BEEF (c/kg)              
P2 steer NI 517 532 535 522 552 490
  (270-295kg) SI 505 522 517 515 535 482
M2 Bull NI 477 485 500 500 527 462
  (296-320kg) SI 455 458 462 467 473 435
Local Trade P2 NI 540 550 580 530 590 490
  (180-280kg) SI 530 550 570 540 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 474 522 472 460 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 735 787 928 945 952 735
  Fine Xbrd (31.6-35.0)   428 466 535 642 642 428
  Coarse Xbrd (>35 mic)   433 456 505 598 598 429
  Merino   1541 1544   1424 1587 1424
               
DAIRY ($/tonne)              
  Butter   5,798 5,515 4,308 4,375 5,830 3,690
  Skimmilk powder   3,305 3,341 2,735 3,147 3,430 2,405
  Wholemilk powder   4,384 3,898 3,641 3,838 4,408 2,798
  Cheese - cheddar   5,150 5,081 4,376 4,836 5,179 3,654
               
  Fonterra milk price   2015/16 final $3.90 2016/17 forecast $6.00*
  Fonterra dividend   2015/16 final $0.40 2016/17 forecast 0.50-0.60c
  Fonterra wet share price   $7.92

NZX FCG = $5.90

    * before retentions      
Farms for sale   1,764 1,693 1,552 2,217    
    $25,974 $26,825 $26,492 $27,579    

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