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Farm gate newsletter for March 29th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, March 29th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   93 - 96     109 63
  SI   76 - 87     93 61
Prime NI   103 - 115     130 87
  SI   110 - 114     126 83
STEER (c/kg) 481-580 Lwt NI   276 - 290     301 261
Prime SI   287 - 315     307 272
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 93.86 86.86 85.69 81.32 102.03 81.90
  SI 90.11 83.69 83.69 77.23 101.44 77.82
Local trade (c/kg) NI 575 535 545 495 595 495
  (16-22kg) SI 550 530 550 475 590 470
MUTTON ($/hd) gross NI 70.03 64.68 59.01 49.98 70.03 49.98
(21.0kg MX1) SI 67.98 63.57 58.32 44.95 67.98 44.95
BEEF (c/kg)              
P2 steer NI 535 520 522 500 552 500
  (270-295kg) SI 520 507 513 493 535 488
M2 Bull NI 527 480 477 467 527 467
  (296-320kg) SI 493 463 455 438 493 438
Local Trade P2 NI 560 540 530 540 590 510
  (180-280kg) SI 560 540 530 510 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 496 485 469 443 534 443
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI   727 727   928 727
  Fine Xbrd (31.6-35.0)   417 380 409 565 584 344
  Coarse Xbrd (>35 mic)   392 363 399 553 579 336
  Lamb   431 385 414 615 634 344
               
DAIRY ($/tonne)              
  Butter   6,722 6,266 6,260 3,978 6,778 3,690
  Skimmilk powder   3,103 3,446 3,389 2,513 3,624 2,470
  Wholemilk powder   4,203 4,595 4,700 2,983 4,765 2,899
  Cheese - cheddar   5,126 5,396 5,363 3,689 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 0.45-0.55c
  Fonterra wet share price   $7.92

NZX FCG = $6.11

    * before retentions      
Farms for sale   1,728 1,707 1,690 2,063    
    $27,395 $27,058 $26,348 $25,970    

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