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Farm gate newsletter for May 3rd 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 3rd 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   93 - 99     109 58
  SI   81 - 86     93 65
Prime NI   118 - 131     130 88
  SI   114 - 117     126 94
STEER (c/kg) 481-580 Lwt NI   288 - 292     301 261
Prime SI   294 - 308     307 273
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 102.03 95.32 85.98 82.48 102.03 82.48
  SI 97.55 92.08 84.28 78.40 101.44 78.40
Local trade (c/kg) NI 595 585 515 515 595 495
  (16-22kg) SI 590 565 530 490 590 490
MUTTON ($/hd) gross NI 74.55 70.98 63.00 50.40 74.55 50.40
(21.0kg MX1) SI 72.87 68.46 61.47 45.37 72.87 45.37
BEEF (c/kg)              
P2 steer NI 540 540 515 505 552 505
  (270-295kg) SI 517 517 503 495 535 495
M2 Bull NI 522 532 470 467 532 467
  (296-320kg) SI 491 489 453 452 493 450
Local Trade P2 NI 580 560 510 540 590 510
  (180-280kg) SI 560 560 530 520 570 520
VENISON ($/hd) gross              
  AP Stag 60kg NZ 499 496 478 443 534 443
               
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)   394 407 361 559 584 344
  Coarse Xbrd (>35 mic)   365 384 348 551 579 336
  Lamb   378 416 368 611 634 344
               
DAIRY ($/tonne)              
  Butter   7,398 7,443 6,073 3,690 7,501 3,783
  Skimmilk powder   2,923 2,837 3,293 2,483 3,624 2,424
  Wholemilk powder   4,439 4,265 4,374 2,909 4,765 2,915
  Cheese - cheddar   5,016 5,158 5,181 3,654 5,562 3,764
               
  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 = $5.90

    * before retentions      
Farms for sale  this week   1,578 1,694 1,704 1,954    
$ 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