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Farm gate newsletter for Aug 2nd 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   91 - 113     111 58
  SI   107 - 108     106 65
Prime NI   130 - 142     144 88
  SI   145 - 148     143 96
STEER (c/kg) 481-580 Lwt NI   282 - 287     306 261
Prime SI   282 - 304     308 286
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 113.11 110.78 102.03 92.40 113.11 84.82
  SI 111.11 110.46 97.55 90.94 111.11 82.82
Local trade (c/kg) NI 675 655 595 565 675 520
  (16-22kg) SI 660 660 590 560 660 515
MUTTON ($/hd) gross NI 85.47 84.69 74.55 57.12 85.47 57.12
(21.0kg MX1) SI 83.37 83.37 72.87 50.02 84.00 50.02
BEEF (c/kg)              
P2 steer NI 550 557 540 540 560 515
  (270-295kg) SI 529 541 517 513 542 503
M2 Bull NI 535 545 522 510 545 470
  (296-320kg) SI 505 510 491 465 510 450
Local Trade P2 NI 570 570 580 560 590 510
  (180-280kg) SI 570 600 560 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 543 543 499 466 543 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI
  Mid mic (23.1-31.5)3         890 928 727
  Fine Xbrd (31.6-35.0)   395 395 394 545 545 344
  Coarse Xbrd (>35 mic)   280 340 365 514 514 267
  Lamb   390 390 378 517 517 344
               
DAIRY ($/tonne)              
  Butter   8,289 7,915 7,398 3,936 8,308 3,922
  Skimmilk powder   2,763 2,890 2,923 2,682 3,624 2,672
  Wholemilk powder   4,313 4,300 4,439 3,082 4,765 2,945
  Cheese - cheddar   5,458 5,298 5,016 3,939 5,562 3,939
               
  Fonterra milk price   2016/17 final $6.15 2017/18 forecast $6.75*
  Fonterra dividend   2016/17 final $0.40 2017/18 forecast 0.40c
  Fonterra wet share price   $7.92

NZX FCG = $6.09

    * before retentions      
Farms for sale  this week   1,260 1,307 1,578 1,587    
$ per hectare   $25,993 $27,212 $27,509 $26,361    

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