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Farm gate newsletter for July 19th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, July 19th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   94 - 106     110 58
  SI   104 - 112     106 65
Prime NI   119 - 148     144 88
  SI   139 - 147     141 96
STEER (c/kg) 481-580 Lwt NI   290 - 300     306 261
Prime SI   286 - 294     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 112.23 109.32 98.53 89.48 112.23 84.82
  SI 110.89 108.05 94.27 88.03 110.89 82.82
Local trade (c/kg) NI 675 635 595 555 675 520
  (16-22kg) SI 660 650 580 560 660 515
MUTTON ($/hd) gross NI 84.69 80.85 72.45 56.07 84.69 56.07
(21.0kg MX1) SI 82.95 80.01 70.35 49.57 84.00 49.57
BEEF (c/kg)              
P2 steer NI 555 555 540 532 560 515
  (270-295kg) SI 534 537 517 508 542 503
M2 Bull NI 540 545 527 510 545 470
  (296-320kg) SI 507 507 491 465 510 450
Local Trade P2 NI 580 560 580 550 590 510
  (180-280kg) SI 600 590 560 540 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 543 543 499 457 543 457
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI
  Mid mic (23.1-31.5)3         817 928 727
  Fine Xbrd (31.6-35.0)   395 402 395 532 545 344
  Coarse Xbrd (>35 mic)   276 354 368 504 514 267
  Lamb   390 408 379 517 517 344
               
DAIRY ($/tonne)              
  Butter   8,103 7,880 7,260 4,215 8,182 3,922
  Skimmilk powder   2,906 2,868 2,729 2,739 3,624 2,672
  Wholemilk powder   4,290 4,424 4,263 3,131 4,765 2,945
  Cheese - cheddar   5,486 5,461 4,853 4,056 5,562 3,939
               
  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 = $5.99

    * before retentions      
Farms for sale  this week   1,298 1,369 1,647 1,641    
$ 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