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Farm gate newsletter for March 1st 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 1st 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   73 - 89     109 63
  SI   74 - 78     93 61
Prime NI   100 - 116     130 87
  SI   102 - 103     126 83
STEER (c/kg) 481-580 Lwt NI   270 - 284     301 261
Prime SI   283 - 286     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 86.86 85.40 90.65 80.15 102.03 80.15
  SI 83.69 83.69 90.94 77.23 101.44 77.23
Local trade (c/kg) NI 535 515 575 495 595 495
  (16-22kg) SI 530 520 550 490 590 470
MUTTON ($/hd) gross NI 64.68 61.95 59.85 49.98 64.68 49.98
(21.0kg MX1) SI 63.57 61.05 58.39 44.95 63.57 44.95
BEEF (c/kg)              
P2 steer NI 520 515 522 495 552 495
  (270-295kg) SI 507 503 508 490 535 490
M2 Bull NI 480 470 477 467 527 467
  (296-320kg) SI 463 453 458 438 473 438
Local Trade P2 NI 540 510 540 540 590 510
  (180-280kg) SI 540 530 530 550 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 485 466 472 436 534 437
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI/SI   727 735   928 727
  Fine Xbrd (31.6-35.0)   380 361 411 600 600 344
  Coarse Xbrd (>35 mic)   363 348 413 579 579 336
  Lamb   385 368   678 678 344
               
DAIRY ($/tonne)              
  Butter   6,290 6,108 5,759 4,391 6,296 3,690
  Skimmilk powder   3,459 3,319 3,308 2,744 3,459 2,405
  Wholemilk powder   4,612 4,398 4,411 2,978 4,607 2,798
  Cheese - cheddar   5,416 5,210 5,101 4,316 5,416 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 = $6.36

    * before retentions      
Farms for sale   1,707 1,704 1,758 2,101    
    $27,058 $27,774 $25,974 $27,395    

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