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Farm gate newsletter for March 8th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 8th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   72 - 85     109 63
  SI   76 - 80     93 61
Prime NI   93 - 116     130 87
  SI   100 - 111     126 83
STEER (c/kg) 481-580 Lwt NI   270 - 276     301 261
Prime SI   286 - 294     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 87.73 85.98 90.65 80.15 102.03 80.15
  SI 84.57 84.28 90.94 77.23 101.44 77.23
Local trade (c/kg) NI 545 515 555 495 595 495
  (16-22kg) SI 530 530 550 480 590 470
MUTTON ($/hd) gross NI 66.15 63.00 59.35 49.98 66.15 49.98
(21.0kg MX1) SI 64.20 61.47 58.39 44.95 64.20 44.95
BEEF (c/kg)              
P2 steer NI 525 515 527 505 552 500
  (270-295kg) SI 507 503 512 497 535 488
M2 Bull NI 475 470 477 472 527 467
  (296-320kg) SI 460 453 458 442 473 438
Local Trade P2 NI 550 510 540 540 590 510
  (180-280kg) SI 540 530 530 550 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 487 478 469 441 534 441
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI/SI   727 743   928 727
  Fine Xbrd (31.6-35.0)   396 344 424 594 596 344
  Coarse Xbrd (>35 mic)   374 336 417 575 579 336
  Lamb   400 344   661 661 344
               
DAIRY ($/tonne)              
  Butter   6,692 6,055 5,750 4,240 6,6926 3,690
  Skimmilk powder   3,578 3,284 3,303 2,598 3,578 2,405
  Wholemilk powder   4,705 4,361 4,404 2,949 4,727 2,798
  Cheese - cheddar   5,492 5,166 5,092 4,055 5,492 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 = $6.30

    * before retentions      
Farms for sale   1,718 1,712 1,745 2,066    
    $27,058 $27,774 $25,974 $27,395    

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