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Farm gate newsletter for May 24th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 24th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   86 - 98     109 58
  SI   91 - 96     93 65
Prime NI   120 - 130     130 88
  SI   124 - 127     126 96
STEER (c/kg) 481-580 Lwt NI   282 - 285     301 261
Prime SI   296 - 310     307 275
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 104.07 100.28 86.28 89.98 104.07 84.82
  SI 102.8 96.88 83.11 88.90 102.80 82.82
Local trade (c/kg) NI 615 595 535 515 615 515
  (16-22kg) SI 620 580 530 490 620 490
MUTTON ($/hd) gross NI 78.33 73.08 64.05 51.03 78.33 51.03
(21.0kg MX1) SI 78.54 70.77 62.73 48.16 78.54 48.16
BEEF (c/kg)              
P2 steer NI 540 540 535 520 552 520
  (270-295kg) SI 525 517 517 498 535 498
M2 Bull NI 522 527 470 495 532 470
  (296-320kg) SI 501 491 457 458 501 450
Local Trade P2 NI 560 580 530 540 590 510
  (180-280kg) SI 570 560 540 530 570 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 525 499 482 443 534 443
               
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)   403 395 359 582 584 344
  Coarse Xbrd (>35 mic)   375 369 346 579 574 336
  Lamb   409 382 355 622 618 344
               
DAIRY ($/tonne)              
  Butter   7,171 7,329 6,229 3,827 7,501 3,825
  Skimmilk powder   2,854 2,755 3,326 2,545 3,624 2,424
  Wholemilk powder   4,566 4,304 4,568 3,010 4,798 2,915
  Cheese - cheddar   5,142 4,899 5,364 3,808 5,562 3,783
               
  Fonterra milk price   2015/16 final $3.90 2016/17 forecast $6.15*
  Fonterra dividend   2015/16 final $0.40 2016/17 forecast 0.40c
  Fonterra wet share price   $7.92

NZX FCG = $6.08

    * before retentions      
Farms for sale  this week   1,478 1,629 1,728 1,843    
$ per hectare   $28,368 $27,509 $27,058 $30,000    

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