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Farm gate newsletter for February 15th, 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, February 15th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   42 - 68     109 59
  SI   70 - 71     93 61
Prime NI   89 - 106     130 87
  SI   96 - 102     126 83
STEER (c/kg) 481-580 Lwt NI   256 - 276     301 263
Prime SI   287 - 307     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.28 85.40 93.57 81.61 102.03 81.32
  SI 83.69 83.40 94.15 77.82 101.44 77.23
Local trade (c/kg) NI 515 525 575 505 595 495
  (16-22kg) SI 530 520 560 490 590 470
MUTTON ($/hd) gross NI 64.05 60.48 59.22 51.87 64.05 49.98
(21.0kg MX1) SI 62.73 60.42 58.39 44.32 62.73 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 453 450 458 438 473 438
Local Trade P2 NI 520 520 540 540 590 510
  (180-280kg) SI 530 530 540 550 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 478 469 486 431 537 431
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI/SI 727 727 766   928 727
  Fine Xbrd (31.6-35.0)   344 393 438 592 600 344
  Coarse Xbrd (>35 mic)   337 380 429 573 579 336
  Lamb   347 424   708 708 344
               
DAIRY ($/tonne)              
  Butter   6,162 6,171 5,747 4,575 6,296 3,690
  Skimmilk powder   3,342 3,376 3,276 2,718 3,430 2,405
  Wholemilk powder   4,438 4,518 4,345 3,150 4,727 2,798
  Cheese - cheddar   5,257 5,257 5,063 4,443 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 = $6.20

    * before retentions      
Farms for sale   1,729 1,672 1,768 2,093    
    $27,774 $26,348 $26,828 $28,120    

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