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Farm gate newsletter for December 21st 2016

News and analysis

LATEST MARKET PRICES

as at Wednesday, December 21st 2016

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   49 - 69     109 53
  SI   68 - 72     93 41
Prime NI   89 - 100     130 87
  SI   95 - 98     115 83
STEER (c/kg) 481-580 Lwt NI   267 - 273     302 254
Prime SI   289 - 305     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 87.15 92.11 95.32 87.15 102.03 80.15
  SI 84.86 92.69 92.69 85.98 101.44 77.23
Local trade (c/kg) NI 545 575 595 515 595 495
  (16-22kg) SI 550 550 570 530 590 470
MUTTON ($/hd) gross NI 58.38 59.22 57.12 55.65 59.35 49.98
(21.0kg MX1) SI 57.55 58.39 51.67 49.54 58.39 44.32
BEEF (c/kg)              
P2 steer NI 517 517 530 497 552 490
  (270-295kg) SI 508 505 513 503 535 482
M2 Bull NI 477 477 482 475 527 462
  (296-320kg) SI 458 455 450 455 473 435
Local Trade P2 NI 530 540 590 530 590 490
  (180-280kg) SI 530 530 570 520 570 477
VENISON ($/hd) gross              
  AP Stag 60kg NZ 469 474 530 425 534 423
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 727 735 865 952 952 727
  Fine Xbrd (31.6-35.0)   403 428 494 600 630 403
  Coarse Xbrd (>35 mic)   396 433 470 556 594 396
  Merino   1588 1541 1506 1432 1648 1432
               
DAIRY ($/tonne)              
  Butter   6,296 5,798 5,370 4,349 6,296 3,690
  Skimmilk powder   3,409 3,305 3,129 2,769 3,430 2,405
  Wholemilk powder   4,727 4,384 3,899 3,302 4,727 2,798
  Cheese - cheddar   5,394 5,150 4,805 4,623 5,394 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 = $5.96

    * before retentions      
Farms for sale   1,690 1,764 1,527 2,100    
    $25,974 $26,825 $26,492 $27,579    

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