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Farm gate newsletter for June 14th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 14th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   88 - 101     109 58
  SI   100 - 101     101 65
Prime NI   111 - 126     130 88
  SI   131 - 137     134 96
STEER (c/kg) 481-580 Lwt NI   266 - 283     301 261
Prime SI   286 - 300     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 107.86 104.04 88.32 90.07 107.86 84.82
  SI 107.61 101.71 88.36 89.78 107.61 82.82
Local trade (c/kg) NI 625 605 555 535 625 515
  (16-22kg) SI 640 610 540 510 640 510
MUTTON ($/hd) gross NI 79.80 77.07 66.78 55.02 79.80 55.02
(21.0kg MX1) SI 80.01 75.81 67.77 49.57 80.01 48.94
BEEF (c/kg)              
P2 steer NI 555 540 525 535 552 515
  (270-295kg) SI 527 522 513 510 535 503
M2 Bull NI 545 522 485 522 545 470
  (296-320kg) SI 507 501 485 473 507 450
Local Trade P2 NI 560 580 550 550 590 510
  (180-280kg) SI 580 560 540 530 580 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 537 5219 493 453 537 449
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 NI       894 928 727
  Fine Xbrd (31.6-35.0)   400 394 424 568 568 344
  Coarse Xbrd (>35 mic)   359 367 395 554 554 336
  Lamb   409 395 429 589 589 344
               
DAIRY ($/tonne)              
  Butter   7,898 7,348 6,758 3,902 7,898 3,825
  Skimmilk powder   2,875 2,924 3,614 2,649 3,624 2,576
  Wholemilk powder   4,433 4,679 4,752 3,060 4,765 2,915
  Cheese - cheddar   5,573 5,264 5,547 4,009 5,562 3,931
               
  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 = $5.91

    * before retentions      
Farms for sale  this week   1,385 1,512 1,705 1,757    
$ 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