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Farm gate newsletter for May 17th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 17th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 98     109 58
  SI   86 - 93     93 65
Prime NI   100 - 124     130 88
  SI   123 - 128     126 96
STEER (c/kg) 481-580 Lwt NI   278 - 285     301 261
Prime SI   300 - 314     307 275
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 104.07 98.53 86.28 82.48 104.07 82.48
  SI 101.71 94.27 83.69 83.36 101.71 83.36
Local trade (c/kg) NI 605 595 515 505 605 505
  (16-22kg) SI 610 580 530 490 610 490
MUTTON ($/hd) gross NI 77.07 72.45 64.05 50.40 77.07 50.40
(21.0kg MX1) SI 75.81 70.35 62.73 45.58 75.81 45.58
BEEF (c/kg)              
P2 steer NI 540 540 515 515 552 515
  (270-295kg) SI 522 517 503 495 535 495
M2 Bull NI 522 527 470 480 532 470
  (296-320kg) SI 501 491 453 452 501 450
Local Trade P2 NI 580 580 520 540 590 510
  (180-280kg) SI 560 560 530 530 570 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 521 499 478 443 537 443
               
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)   394 395 344 577 584 344
  Coarse Xbrd (>35 mic)   367 368 337 560 579 336
  Lamb   395 379 344 615 622 344
               
DAIRY ($/tonne)              
  Butter   7,279 7,260 6,239 3,783 7,501 3,783
  Skimmilk powder   2,897 2,729 3,432 2,515 3,624 2,424
  Wholemilk powder   4,798 4,263 4,575 2,975 4,798 2,915
  Cheese - cheddar   5,215 4,857 5,372 3,764 5,562 3,783
               
  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 = $5.99

    * before retentions      
Farms for sale  this week   1,512 1,647 1,729 1,882    
$ 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