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Farm gate newsletter for April 12th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 12th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   94 - 101     109 63
  SI   76 - 89     93 65
Prime NI   100 - 117     130 88
  SI   111 - 114     126 88
STEER (c/kg) 481-580 Lwt NI   276 - 296     301 261
Prime SI   290 - 312     307 272
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 95.32 87.73 85.69 81.90 102.03 81.90
  SI 92.08 84.57 83.40 77.82 101.44 77.82
Local trade (c/kg) NI 585 545 545 495 595 495
  (16-22kg) SI 565 530 550 470 590 470
MUTTON ($/hd) gross NI 70.98 66.15 59.85 49.98 70.98 49.98
(21.0kg MX1) SI 68.46 64.20 59.58 44.95 68.46 44.95
BEEF (c/kg)              
P2 steer NI 540 525 525 500 552 500
  (270-295kg) SI 517 507 510 488 535 488
M2 Bull NI 532 480 477 467 532 467
  (296-320kg) SI 489 460 452 438 493 438
Local Trade P2 NI 560 550 520 540 590 510
  (180-280kg) SI 560 540 530 500 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 496 487 469 443 534 443
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI   727 727   928 727
  Fine Xbrd (31.6-35.0)   407 396 409 565 584 344
  Coarse Xbrd (>35 mic)   384 374 399 553 579 336
  Lamb   416 400 414 621 634 344
               
DAIRY ($/tonne)              
  Butter   7,443 6,623 6,279 4,036 7,445 3,690
  Skimmilk powder   2,837 3,542 3,381 2,549 3,624 2,470
  Wholemilk powder   4,265 4,657 4,687 3,026 4,765 2,899
  Cheese - cheddar   5,158 5,437 5,349 3,742 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 0.40c
  Fonterra wet share price   $7.92

NZX FCG = $6.06

    * before retentions      
Farms for sale  this week   1,694 1,718 1,690 2,022    
$ per hectare   $27,395 $27,058 $26,348 $25,970    

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