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Farm gate newsletter for Aug 16th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Aug 16th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   101 - 113     111 58
  SI   92 - 112     109 65
Prime NI   146 - 167     150 88
  SI   144 - 145     147 96
STEER (c/kg) 481-580 Lwt NI   281 - 292     306 261
Prime SI   293 - 303     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 113.98 112.23 104.07 94.15 113.98 84.82
  SI 111.99 110.89 101.71 92.40 111.99 82.82
Local trade (c/kg) NI 695 675 605 575 695 515
  (16-22kg) SI 680 660 610 570 680 520
MUTTON ($/hd) gross NI 84.69 84.69 77.07 57.12 85.47 57.12
(21.0kg MX1) SI 81.69 82.95 75.81 50.02 84.00 50.02
BEEF (c/kg)              
P2 steer NI 550 555 540 535 560 515
  (270-295kg) SI 525 534 522 513 542 503
M2 Bull NI 530 540 522 505 545 470
  (296-320kg) SI 500 507 501 462 510 450
Local Trade P2 NI 580 580 580 570 590 510
  (180-280kg) SI 570 600 560 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 565 543 521 475 565 466
               
WOOL indicator auction prices (c/kg, clean) NI/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)   273 276 367 505 505 267
  Lamb   390 390 395 515 515 344
               
DAIRY ($/tonne)              
  Butter   8,177 8,089 7,279 4,026 8,308 4,026
  Skimmilk powder   2,753 2,901 2,897 2,672 3,624 2,672
  Wholemilk powder   4,413 4,283 4,635 3,105 4,765 3,105
  Cheese - cheddar   5,474 5,490 5,215 4,077 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 = $6.25

    * before retentions      
Farms for sale  this week   1,217 1,298 1,512 1,552    
$ per hectare   $27,158 $25,993 $28,368 $26,492    

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