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Farm gate newsletter for December 8th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, December 8th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   55 - 74     109 53
  SI   72 - 74     93 41
Prime NI   92 - 109     130 87
  SI   107 - 108     115 83
STEER (c/kg) 481-580 Lwt NI   278 - 278     302 254
Prime SI   280 - 301     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 90.65 95.61 95.03 89.78 102.03 80.15
  SI 90.94 95.61 93.28 89.48 101.44 77.23
Local trade (c/kg) NI 565 575 595 535 595 495
  (16-22kg) SI 550 580 570 540 590 470
MUTTON ($/hd) gross NI 59.85 59.22 57.75 61.53 61.53 49.98
(21.0kg MX1) SI 58.39 58.39 52.30 55.45 58.39 44.32
BEEF (c/kg)              
P2 steer NI 527 517 540 515 552 490
  (270-295kg) SI 512 508 520 513 535 482
M2 Bull NI 477 477 500 492 527 462
  (296-320kg) SI 458 460 462 462 473 435
Local Trade P2 NI 540 540 590 530 590 490
  (180-280kg) SI 530 540 570 520 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 469 498 476 437 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 743 787 922 952 952 735
  Fine Xbrd (31.6-35.0)   424 454 521 630 630 411
  Coarse Xbrd (>35 mic)   417 446 493 594 594 413
  Merino   1648 1544 1539 1432 1648 1424
               
DAIRY ($/tonne)              
  Butter   5,750 5,455 4,582 4,194 5,874 3,690
  Skimmilk powder   3,303 3,085 2,830 2,833 3,430 2,405
  Wholemilk powder   4,404 3,852 3,706 3,408 4,499 2,798
  Cheese - cheddar   5,092 4,926 4,515 4,718 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   1,745 1,752 1,501 2,125    
    $25,974 $26,825 $26,492 $27,579    

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