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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   99 - 105     109 58
  SI   89 - 90     93 65
Prime NI   109 - 135     130 88
  SI   106 - 116     126 91
STEER (c/kg) 481-580 Lwt NI   292 - 298     301 261
Prime SI   301 - 305     307 273
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 96.48 88.32 85.69 81.90 102.03 81.90
  SI 92.96 88.36 83.40 77.82 101.44 77.82
Local trade (c/kg) NI 595 555 545 495 595 495
  (16-22kg) SI 580 540 530 470 590 470
MUTTON ($/hd) gross NI 72.45 66.78 60.48 49.98 72.45 49.98
(21.0kg MX1) SI 70.14 67.77 60.42 44.95 70.14 44.95
BEEF (c/kg)              
P2 steer NI 540 525 520 500 552 500
  (270-295kg) SI 517 513 507 488 535 488
M2 Bull NI 532 485 475 467 532 467
  (296-320kg) SI 489 485 450 438 493 438
Local Trade P2 NI 570 550 520 540 590 510
  (180-280kg) SI 560 540 530 500 570 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 496 493 469 443 534 443
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI     727   928 727
  Fine Xbrd (31.6-35.0)   395 415 393 573 584 344
  Coarse Xbrd (>35 mic)   368 389 380 553 579 336
  Lamb   379 431 424 621 634 344
               
DAIRY ($/tonne)              
  Butter   7,501 6,777 6,158 4,004 7,501 3,690
  Skimmilk powder   2,859 3,624 3,340 2,529 3,624 2,470
  Wholemilk powder   4,299 4,765 4,435 3,002 4,765 2,899
  Cheese - cheddar   5,198 5,562 5,254 3,713 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 = $6.03

    * before retentions      
Farms for sale  this week   1,665 1,705 1,567 2,014    
$ 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