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Farm gate newsletter for January 18th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, January 18th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   55 - 65     109 53
  SI   68 - 71     93 41
Prime NI   72 - 90     130 87
  SI   97 - 102     115 83
STEER (c/kg) 481-580 Lwt NI   265 - 290     302 254
Prime SI   291 - 310     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 85.40 87.15 102.03 86.28 102.03 80.15
  SI 83.40 84.86 101.44 83.65 101.44 77.23
Local trade (c/kg) NI 525 545 595 515 595 495
  (16-22kg) SI 520 550 590 510 590 470
MUTTON ($/hd) gross NI 60.48 58.38 59.22 52.92 59.35 49.98
(21.0kg MX1) SI 60.42 57.55 58.39 46.84 58.39 44.32
BEEF (c/kg)              
P2 steer NI 520 517 540 490 552 490
  (270-295kg) SI 507 508 527 487 535 482
M2 Bull NI 475 477 495 462 527 462
  (296-320kg) SI 450 458 465 440 473 435
Local Trade P2 NI 520 530 550 510 590 510
  (180-280kg) SI 530 530 550 510 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 469 469 530 431 534 431
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 727 727 830 952 952 727
  Fine Xbrd (31.6-35.0)   393 403 463 614 630 403
  Coarse Xbrd (>35 mic)   380 396 454 562 594 396
  Lamb   424 414   747 758 414
               
DAIRY ($/tonne)              
  Butter   6,178 6,208 5,512 4,787 6,296 3,690
  Skimmilk powder   3,379 3,361 3,339 2,914 3,430 2,405
  Wholemilk powder   4,523 4,661 3,895 3,243 4,727 2,798
  Cheese - cheddar   5,262 5,179 5,075 4,903 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 = $6.24

    * before retentions      
Farms for sale   1,672 1,737 1,660 2,044    
    $26,348 $25,974 $27,500 $28,671    

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