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Farm gate newsletter for July 5th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 5th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   100 - 115     110 58
  SI   89 - 109     106 65
Prime NI   123 - 145     139 88
  SI   139 - 143     141 96
STEER (c/kg) 481-580 Lwt NI   285 - 289     306 261
Prime SI   287 - 303     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 110.78 106.11 95.32 89.48 110.78 84.82
  SI 110.46 105.20 92.08 88.03 110.46 82.82
Local trade (c/kg) NI 655 625 585 545 655 515
  (16-22kg) SI 660 630 565 550 660 520
MUTTON ($/hd) gross NI 84.69 79.80 70.98 55.02 84.69 55.02
(21.0kg MX1) SI 83.37 80.01 68.46 48.94 84.00 48.94
BEEF (c/kg)              
P2 steer NI 557 540 540 527 557 515
  (270-295kg) SI 541 527 517 505 542 503
M2 Bull NI 545 530 532 510 545 470
  (296-320kg) SI 510 505 489 465 510 450
Local Trade P2 NI 570 560 560 550 590 510
  (180-280kg) SI 600 570 560 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 543 531 496 449 543 449
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI
  Mid mic (23.1-31.5)3         833 928 727
  Fine Xbrd (31.6-35.0)   395 404 407 548 548 344
  Coarse Xbrd (>35 mic)   340 365 384 526 526 336
  Lamb   390 417 416 517 517 344
               
DAIRY ($/tonne)              
  Butter   7,915 7,297 7,443 3,853 7,956 3,853
  Skimmilk powder   2,890 2,775 2,837 2,568 3,624 2,568
  Wholemilk powder   4,300 4,504 4,265 2,915 4,765 2,915
  Cheese - cheddar   5,298 5,079 5,158 3,957 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 = $5.98

    * before retentions      
Farms for sale  this week   1,307 1,403 1,694 1,637    
$ 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