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Farm gate newsletter for January 25th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, January 25th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   53 - 60     109 61
  SI   69 - 72     93 61
Prime NI   79 - 92     130 87
  SI   97 - 101     126 83
STEER (c/kg) 481-580 Lwt NI   256 - 271     301 263
Prime SI   290 - 303     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 84.82 85.69 100.28 85.69 102.03 80.15
  SI 82.82 83.98 100.28 83.07 101.44 77.23
Local trade (c/kg) NI 515 545 595 515 595 495
  (16-22kg) SI 520 550 590 510 590 470
MUTTON ($/hd) gross NI 61.32 59.01 59.22 52.08 61.32 49.98
(21.0kg MX1) SI 60.42 58.32 58.39 45.37 60.42 44.32
BEEF (c/kg)              
P2 steer NI 515 522 532 490 552 495
  (270-295kg) SI 503 513 522 487 535 488
M2 Bull NI 470 477 485 462 527 467
  (296-320kg) SI 450 455 458 435 473 438
Local Trade P2 NI 510 530 550 520 590 510
  (180-280kg) SI 530 530 550 510 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 466 469 522 431 534 430
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI 727 727 787   928 727
  Fine Xbrd (31.6-35.0)   376 409 466 621 621 376
  Coarse Xbrd (>35 mic)   371 399 456 577 577 371
  Lamb   415 414   748 748 414
               
DAIRY ($/tonne)              
  Butter   6,107 6,296 5,556 4,692 6,296 3,690
  Skimmilk powder   3,308 3,409 3,366 2,811 3,430 2,405
  Wholemilk powder   4,393 4,727 3,927 3,257 4,727 2,798
  Cheese - cheddar   5,204 5,394 5,119 4,594 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 = $6.27

    * before retentions      
Farms for sale   1,684 1,690 1,693 2,040    
    $27,774 $26,348 $26,828 $28,120    

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