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Farm gate newsletter for June 21st 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, June 21st 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   85 - 103     109 58
  SI   96 - 98     101 65
Prime NI   117 - 140     130 88
  SI   131 - 137     134 96
STEER (c/kg) 481-580 Lwt NI   290 - 300     301 261
Prime SI   286 - 310     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 109.32 104.04 92.69 90.07 109.32 84.82
  SI 108.05 102.80 89.53 89.19 108.05 82.82
Local trade (c/kg) NI 635 615 565 535 635 515
  (16-22kg) SI 650 620 550 520 650 520
MUTTON ($/hd) gross NI 80.85 78.35 70.03 55.02 80.85 55.02
(21.0kg MX1) SI 80.01 78.54 67.98 49.57 80.01 48.94
BEEF (c/kg)              
P2 steer NI 555 540 535 535 555 515
  (270-295kg) SI 537 525 517 510 537 503
M2 Bull NI 545 522 522 522 545 470
  (296-320kg) SI 507 501 488 473 507 450
Local Trade P2 NI 560 560 560 550 590 510
  (180-280kg) SI 590 570 560 530 590 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 543 525 495 454 543 454
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)3 SI       864 928 727
  Fine Xbrd (31.6-35.0)   402 403 415 566 566 344
  Coarse Xbrd (>35 mic)   354 375 389 550 550 336
  Lamb   408 409 431 580 560 344
               
DAIRY ($/tonne)              
  Butter   7,880 7,294 6,714 3,825 7,904 3,853
  Skimmilk powder   2,868 2,903 3,100 2,597 3,624 2,568
  Wholemilk powder   4,424 4,645 4,198 3,000 4,765 2,915
  Cheese - cheddar   5,461 5,225 5,119 3,931 5,562 3,905
               
  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 = $5.92

    * before retentions      
Farms for sale  this week   1,369 1,478 1,733 1,706    
$ per hectare   $27,212 $28,368 $27,395 $26,683    

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