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Farm gate newsletter for May 10th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 10th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   89 - 99     109 58
  SI   82 - 92     93 65
Prime NI   115 - 120     130 88
  SI   117 - 121     126 96
STEER (c/kg) 481-580 Lwt NI   278 - 284     301 261
Prime SI   297 - 318     307 275
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 102.55 96.48 85.98 82.48 102.55 82.48
  SI 99.96 92.96 84.28 78.98 101.44 78.98
Local trade (c/kg) NI 595 595 545 495 595 495
  (16-22kg) SI 600 580 530 490 600 490
MUTTON ($/hd) gross NI 74.55 72.45 63.00 50.40 74.55 50.40
(21.0kg MX1) SI 74.76 70.14 61.47 45.58 74.76 45.58
BEEF (c/kg)              
P2 steer NI 540 540 515 505 552 505
  (270-295kg) SI 520 517 503 495 535 495
M2 Bull NI 522 532 470 467 532 467
  (296-320kg) SI 491 489 453 452 493 450
Local Trade P2 NI 580 570 510 540 590 510
  (180-280kg) SI 560 560 530 530 570 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 499 496 478 441 534 441
               
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)   394 411 344 582 584 344
  Coarse Xbrd (>35 mic)   365 375 336 569 579 336
  Lamb   389 401 344 634 622 344
               
DAIRY ($/tonne)              
  Butter   7,408 7,484 6,158 3,855 7,501 3,783
  Skimmilk powder   2,927 2,853 3,340 2,595 3,624 2,424
  Wholemilk powder   4,444 4,289 4,435 3,039 4,765 2,915
  Cheese - cheddar   5,023 5,186 5,254 3,818 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 = $5.97

    * before retentions      
Farms for sale  this week   1,542 1,665 1,712 1,939    
$ 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 »