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Farm gate newsletter for February 8th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 8th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   51 - 70     109 59
  SI   73 - 75     93 61
Prime NI   68 - 95     130 87
  SI   99 - 105     126 83
STEER (c/kg) 481-580 Lwt NI   256 - 272     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 ($) including 1kg woolly pelt              
17.5 kg YX NI 85.98 85.69 95.61 83.94 102.03 80.15
  SI 84.28 83.40 95.61 79.57 101.44 77.23
Local trade (c/kg) NI 515 545 575 515 595 495
  (16-22kg) SI 530 530 580 500 590 470
MUTTON ($/hd) gross NI 63.00 60.48 59.22 52.50 63.00 49.98
(21.0kg MX1) SI 61.47 60.42 58.39 44.74 61.47 44.32
BEEF (c/kg)              
P2 steer NI 515 520 517 495 552 495
  (270-295kg) SI 503 507 508 490 535 488
M2 Bull NI 470 475 477 467 527 467
  (296-320kg) SI 453 450 460 438 473 438
Local Trade P2 NI 510 520 540 530 590 510
  (180-280kg) SI 530 530 540 540 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 478 469 498 430 534 430
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI/SI 727 727 787   928 727
  Fine Xbrd (31.6-35.0)   344 409 454 594 600 344
  Coarse Xbrd (>35 mic)   336 399 446 567 579 336
  Lamb   344 414   724 724 344
               
DAIRY ($/tonne)              
  Butter   6,055 6,256 5,455 4,623 6,296 3,690
  Skimmilk powder   3,284 3,422 3,085 2,746 3,430 2,405
  Wholemilk powder   4,361 4,680 3,852 3,183 4,727 2,798
  Cheese - cheddar   5,166 5,329 4,926 4,489 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 = $6.13

    * before retentions      
Farms for sale   1,712 1,567 1,752 2,076    
    $27,774 $26,348 $26,828 $28,120    

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