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Clone of Farm gate newsletter for December 14th 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, December 14th 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   55 - 74     109 53
  SI   70 - 71     93 41
Prime NI   93 - 99     130 87
  SI   104 - 107     115 83
STEER (c/kg) 481-580 Lwt NI   278 - 282     302 254
Prime SI   291 - 317     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 88.61 93.57 95.32 88.61 102.03 80.15
  SI 86.61 94.15 92.69 87.44 101.44 77.23
Local trade (c/kg) NI 555 575 595 515 595 495
  (16-22kg) SI 550 560 570 530 590 470
MUTTON ($/hd) gross NI 58.38 59.22 57.12 58.80 59.35 49.98
(21.0kg MX1) SI 56.92 58.39 51.67 52.30 58.39 44.32
BEEF (c/kg)              
P2 steer NI 527 517 535 510 552 490
  (270-295kg) SI 512 508 517 507 535 482
M2 Bull NI 477 477 490 487 527 462
  (296-320kg) SI 458 458 455 458 473 435
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 469 486 528 429 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 743 766 865 952 952 735
  Fine Xbrd (31.6-35.0)   421 438 507 608 630 411
  Coarse Xbrd (>35 mic)   409 429 481 564 594 413
  Merino   1648 1587 1506 1432 1648 1432
               
DAIRY ($/tonne)              
  Butter   6,059 5,747 4,575 4,351 6,079 3,690
  Skimmilk powder   3,281 3,276 2,826 2,783 3,430 2,405
  Wholemilk powder   4,549 4,345 3,700 3,319 4,564 2,798
  Cheese - cheddar   5,190 5,063 4,536 4,646 5,208 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 = $5.95

    * before retentions      
Farms for sale   1,737 1,768 1,526 2,144    
    $25,974 $26,825 $26,492 $27,579    

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