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Farm gate newsletter for Aug 9th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Aug 9th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   98 - 113     111 58
  SI   92 - 112     109 65
Prime NI   130 - 157     144 88
  SI   142 - 144     147 96
STEER (c/kg) 481-580 Lwt NI   282 - 296     306 261
Prime SI   296 - 303     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 113.40 110.78 102.03 94.15 113.40 84.82
  SI 111.33 110.46 99.96 91.82 111.33 82.82
Local trade (c/kg) NI 685 665 595 575 685 515
  (16-22kg) SI 680 660 600 570 680 520
MUTTON ($/hd) gross NI 85.47 84.69 74.55 57.12 85.47 57.12
(21.0kg MX1) SI 82.95 82.95 74.76 50.02 84.00 50.02
BEEF (c/kg)              
P2 steer NI 550 560 540 535 560 515
  (270-295kg) SI 529 536 520 513 542 503
M2 Bull NI 535 545 522 505 545 470
  (296-320kg) SI 502 510 499 462 510 450
Local Trade P2 NI 570 570 580 570 590 510
  (180-280kg) SI 570 600 560 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 550 543 499 472 550 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI
  Mid mic (23.1-31.5)3         900 928 727
  Fine Xbrd (31.6-35.0)   395 395 394 545 545 344
  Coarse Xbrd (>35 mic)   280 267 365 505 505 267
  Lamb   390 390 378 515 515 344
               
DAIRY ($/tonne)              
  Butter   8,172 8,182 7,408 4,060 8,308 4,026
  Skimmilk powder   2,752 2,917 2,927 2,694 3,624 2,672
  Wholemilk powder   4,411 4,306 4,444 3,137 4,765 3,105
  Cheese - cheddar   5,471 5,509 5,023 4,111 5,562 4,077
               
  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 = $6.22

    * before retentions      
Farms for sale  this week   1,239 1,304 1,547 1,570    
$ 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