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Farm gate newsletter for February 1st 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 1st 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   51 - 70     109 61
  SI   69 - 72     93 61
Prime NI   82 - 105     130 87
  SI   97 - 101     126 83
STEER (c/kg) 481-580 Lwt NI   269 - 270     301 263
Prime SI   288 - 310     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 85.40 85.69 96.19 85.11 102.03 80.15
  SI 83.69 83.40 97.07 82.48 101.44 77.23
Local trade (c/kg) NI 515 545 595 515 595 495
  (16-22kg) SI 520 550 590 500 590 470
MUTTON ($/hd) gross NI 61.95 59.85 59.22 51.87 61.95 49.98
(21.0kg MX1) SI 61.05 58.58 58.39 45.37 61.05 44.32
BEEF (c/kg)              
P2 steer NI 515 525 522 495 552 495
  (270-295kg) SI 503 510 512 490 535 488
M2 Bull NI 470 477 485 467 527 467
  (296-320kg) SI 453 452 465 438 473 438
Local Trade P2 NI 510 520 550 530 590 510
  (180-280kg) SI 530 530 550 520 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 466 469 514 431 534 431
               
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)   361 409 454 621 600 361
  Coarse Xbrd (>35 mic)   348 399 446 577 579 378
  Lamb   368 414   748 748 368
               
DAIRY ($/tonne)              
  Butter   6,091 6,260 5,586 4,627 6,296 3,690
  Skimmilk powder   3,303 3,389 3,159 2,771 3,430 2,405
  Wholemilk powder   4,387 4,700 3,945 3,212 4,727 2,798
  Cheese - cheddar   5,196 5,363 5,044 4,530 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 = $6.19

    * before retentions      
Farms for sale   1,704 1,690 1,725 2,053    
    $27,774 $26,348 $26,828 $28,120    

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