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Farm gate newsletter for May 31st 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 31st 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   84 - 96     109 58
  SI   88 - 96     93 65
Prime NI   113 - 132     130 88
  SI   114 - 120     125 96
STEER (c/kg) 481-580 Lwt NI   275 - 282     301 261
Prime SI   286 - 303     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 106.11 102.03 86.86 89.98 106.11 84.82
  SI 104.33 97.55 83.69 88.90 104.33 82.82
Local trade (c/kg) NI 625 595 535 515 625 515
  (16-22kg) SI 630 590 530 500 630 490
MUTTON ($/hd) gross NI 78.33 74.55 64.68 54.18 78.33 54.18
(21.0kg MX1) SI 78.96 72.87 63.57 48.16 78.96 48.16
BEEF (c/kg)              
P2 steer NI 540 540 520 535 552 520
  (270-295kg) SI 527 517 507 505 535 498
M2 Bull NI 522 522 480 522 532 470
  (296-320kg) SI 501 491 463 470 501 450
Local Trade P2 NI 560 580 540 540 590 510
  (180-280kg) SI 570 560 540 530 570 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 531 499 485 454 534 449
               
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)   403 394 380 580 584 344
  Coarse Xbrd (>35 mic)   370 365 363 574 574 336
  Lamb   411 378 385 609 618 344
               
DAIRY ($/tonne)              
  Butter   7,358 7,398 6,290 3,941 7,501 3,825
  Skimmilk powder   2,798 2,923 3,459 2,528 3,624 2,424
  Wholemilk powder   4,682 4,439 4,612 3,066 4,798 2,915
  Cheese - cheddar   5,121 5,016 5,416 3,884 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 = $6.02

    * before retentions      
Farms for sale  this week   1,450 1,578 1,701 1,824    
$ 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