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Farm gate newsletter for April 26th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, April 26th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   96 - 104     109 58
  SI   81 - 92     93 65
Prime NI   111 - 135     130 88
  SI   109 - 111     126 92
STEER (c/kg) 481-580 Lwt NI   288 - 293     301 261
Prime SI   296 - 307     307 273
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 100.28 93.86 84.82 82.48 102.03 82.48
  SI 96.68 90.11 82.82 78.40 101.44 78.40
Local trade (c/kg) NI 595 575 515 495 595 495
  (16-22kg) SI 580 580 520 480 590 480
MUTTON ($/hd) gross NI 73.08 70.03 61.32 50.40 73.08 50.40
(21.0kg MX1) SI 70.77 67.98 60.42 45.37 70.77 45.37
BEEF (c/kg)              
P2 steer NI 540 535 515 500 552 500
  (270-295kg) SI 517 520 503 488 535 488
M2 Bull NI 527 527 470 467 532 467
  (296-320kg) SI 491 493 450 452 493 450
Local Trade P2 NI 580 560 510 540 590 510
  (180-280kg) SI 560 560 530 510 570 510
VENISON ($/hd) gross              
  AP Stag 60kg NZ 499 496 466 441 537 441
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI     727   928 727
  Fine Xbrd (31.6-35.0)   395 417 376 562 584 344
  Coarse Xbrd (>35 mic)   369 392 371 551 579 336
  Lamb   382 431 415 618 634 344
               
DAIRY ($/tonne)              
  Butter   7,329 6,740 6,108 3,925 7,501 3,690
  Skimmilk powder   2,755 3,111 3,312 2,508 3,624 2,470
  Wholemilk powder   4,304 4,214 4,398 2,944 4,765 2,909
  Cheese - cheddar   4,899 5,139 5,210 3,780 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   1,629 1,728 1,690 1,979    
$ per hectare   $27,509 $27,395 $27,774 $27,202    

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