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Farm gate newsletter for November 30th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, November 30th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   58 - 73     109 53
  SI   72 - 75     93 41
Prime NI   96 - 109     130 87
  SI   108 - 110     115 83
STEER (c/kg) 481-580 Lwt NI   274 - 275     302 254
Prime SI   297 - 300     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 92.11 96.19 95.03 91.53 102.03 80.15
  SI 92.11 97.07 93.28 91.82 101.44 77.23
Local trade (c/kg) NI 575 595 595 555 595 495
  (16-22kg) SI 550 590 570 550 590 470
MUTTON ($/hd) gross NI 59.85 59.22 57.75 63.42 63.42 49.98
(21.0kg MX1) SI 58.39 58.39 52.30 56.92 58.39 44.32
BEEF (c/kg)              
P2 steer NI 522 522 540 517 552 490
  (270-295kg) SI 508 512 520 515 535 482
M2 Bull NI 477 485 500 492 527 462
  (296-320kg) SI 458 465 462 462 473 435
Local Trade P2 NI 540 550 590 530 590 490
  (180-280kg) SI 530 550 570 520 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 472 514 472 449 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 735 787 922 945 952 735
  Fine Xbrd (31.6-35.0)   411 454 539 633 633 411
  Coarse Xbrd (>35 mic)   413 446 502 593 593 413
  Merino   1541 1544 1539 1424 1424 1424
               
DAIRY ($/tonne)              
  Butter   5,749 5,586 4,352 4,240 5,874 3,690
  Skimmilk powder   3,308 3,154 2,763 2,915 3,430 2,405
  Wholemilk powder   4,411 3,945 3,678 3,445 4,499 2,798
  Cheese - cheddar   5,101 5,044 4,421 4,771 5,202 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 = $5.93

    * before retentions      
Farms for sale   1,758 1,725 1,510 2,189    
    $25,974 $26,825 $26,492 $27,579    

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