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Farm gate newsletter for July 12th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 12th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   93 - 107     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   279 - 307     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 110.78 107.86 96.48 89.48 110.78 84.82
  SI 110.46 107.61 92.96 88.03 110.46 82.82
Local trade (c/kg) NI 665 625 595 555 665 520
  (16-22kg) SI 660 640 580 560 660 515
MUTTON ($/hd) gross NI 84.69 79.80 72.45 55.02 84.69 55.02
(21.0kg MX1) SI 82.95 80.01 70.14 48.94 84.00 48.94
BEEF (c/kg)              
P2 steer NI 560 555 540 532 560 515
  (270-295kg) SI 536 527 517 508 542 503
M2 Bull NI 545 545 532 510 545 470
  (296-320kg) SI 510 507 489 465 510 450
Local Trade P2 NI 570 560 570 550 590 510
  (180-280kg) SI 600 580 560 540 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 543 537 496 451 543 451
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI
  Mid mic (23.1-31.5)3         833 928 727
  Fine Xbrd (31.6-35.0)   395 400 411 524 548 344
  Coarse Xbrd (>35 mic)   267 359 375 498 526 267
  Lamb   390 409 401 517 517 344
               
DAIRY ($/tonne)              
  Butter   8,182 7,898 7,501 4,059 8,182 3,922
  Skimmilk powder   2,934 2,875 2,859 2,638 3,624 2,638
  Wholemilk powder   4,332 4,433 4,299 3,014 4,765 2,945
  Cheese - cheddar   5,561 5,473 5,198 3,905 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   1,304 1,385 1,665 1,658    
$ 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