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Farm gate newsletter for March 15th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 15th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   78 - 89     109 63
  SI   78 - 80     93 61
Prime NI   102 - 110     130 87
  SI   100 - 107     126 83
STEER (c/kg) 481-580 Lwt NI   270 - 276     301 261
Prime SI   282 - 305     307 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 88.32 86.28 88.61 81.03 102.03 80.15
  SI 88.36 83.69 86.61 77.23 101.44 77.23
Local trade (c/kg) NI 555 515 555 495 595 495
  (16-22kg) SI 540 530 550 480 590 470
MUTTON ($/hd) gross NI 66.78 64.05 58.38 49.98 66.78 49.98
(21.0kg MX1) SI 67.77 62.73 56.92 44.95 67.77 44.95
BEEF (c/kg)              
P2 steer NI 525 515 527 505 552 500
  (270-295kg) SI 513 503 512 497 535 488
M2 Bull NI 485 470 477 472 527 467
  (296-320kg) SI 485 453 458 441 485 438
Local Trade P2 NI 550 520 540 540 590 510
  (180-280kg) SI 540 530 530 540 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 493 480 474 441 537 441
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI   727 743   928 727
  Fine Xbrd (31.6-35.0)   424 344 421 590 596 344
  Coarse Xbrd (>35 mic)   395 337 409 579 579 336
  Lamb   429 347   659 659 344
               
DAIRY ($/tonne)              
  Butter   6,758 6,162 6,208 4,317 6,777 3,690
  Skimmilk powder   3,614 3,342 3,361 2,646 3,624 2,405
  Wholemilk powder   4,752 4,438 4,661 3,004 4,765 2,798
  Cheese - cheddar   5,547 5,257 5,318 4,130 5,562 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 = $6.33

    * before retentions      
Farms for sale   1,705 1,729 1,737 2,085    
    $27,058 $27,774 $25,974 $27,395    

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