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Farm gate newsletter for June 7th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 7th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   92 - 97     109 58
  SI   88 - 96     93 65
Prime NI   121 - 128     130 88
  SI   114 - 120     126 96
STEER (c/kg) 481-580 Lwt NI   279 - 282     301 261
Prime SI   286 - 303     308 288
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 106.11 102.03 87.73 90.65 106.11 84.82
  SI 105.21 99.96 84.57 90.65 105.21 82.82
Local trade (c/kg) NI 625 595 545 525 625 515
  (16-22kg) SI 630 600 530 500 630 500
MUTTON ($/hd) gross NI 79.80 74.55 66.15 55.02 79.80 55.02
(21.0kg MX1) SI 80.01 74.76 64.20 49.57 80.01 48.94
BEEF (c/kg)              
P2 steer NI 540 540 525 535 552 515
  (270-295kg) SI 527 520 507 510 535 503
M2 Bull NI 530 522 480 527 532 470
  (296-320kg) SI 505 499 460 473 505 450
Local Trade P2 NI 560 580 550 540 590 510
  (180-280kg) SI 570 560 540 530 570 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 531 499 487 461 534 449
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI     727 894 928 727
  Fine Xbrd (31.6-35.0)   404 394 396 584 568 344
  Coarse Xbrd (>35 mic)   365 365 374 571 554 336
  Lamb   417 389 400 618 618 344
               
DAIRY ($/tonne)              
  Butter   7,267 7,463 6,623 3,838 7,501 3,825
  Skimmilk powder   2,767 2,948 3,542 2,424 3,624 2,424
  Wholemilk powder   4,491 4,478 4,657 2,987 4,765 2,915
  Cheese - cheddar   5,064 5,060 5,492 3,783 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 = $5.93

    * before retentions      
Farms for sale  this week   1,403 1,542 1,718 1,764    
$ 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