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Farm gate newsletter for Aug 23rd 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Aug 23rd 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   108 - 130     125 58
  SI   95 - 106     110 65
Prime NI   140 - 153     150 88
  SI   146 - 155     151 96
STEER (c/kg) 481-580 Lwt NI   284 - 309     306 261
Prime SI   279 - 302     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 115.15 113.11 104.07 94.44 115.15 84.82
  SI 113.08 111.11 102.80 92.69 113.08 82.82
Local trade (c/kg) NI 695 675 615 595 695 515
  (16-22kg) SI 680 660 620 570 680 520
MUTTON ($/hd) gross NI 84.69 84.69 78.33 57.12 85.47 57.12
(21.0kg MX1) SI 81.69 82.95 78.54 50.02 84.00 50.02
BEEF (c/kg)              
P2 steer NI 550 555 540 535 560 515
  (270-295kg) SI 525 534 525 517 542 503
M2 Bull NI 530 540 522 500 545 470
  (296-320kg) SI 497 507 501 462 510 450
Local Trade P2 NI 580 580 560 580 590 510
  (180-280kg) SI 570 600 570 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 562 543 525 472 562 466
               
WOOL indicator auction prices (c/kg, clean) NI/SI         Source: WSI
  Mid mic (23.1-31.5)3         928 928 727
  Fine Xbrd (31.6-35.0)   395 395 403 535 539 344
  Coarse Xbrd (>35 mic)   282 269 375 505 505 267
  Lamb   390 390 409 515 515 344
               
DAIRY ($/tonne)              
  Butter   8,526 8,308 7,171 4,308 8,526 4,308
  Skimmilk powder   2,727 2,769 2,854 2,735 3,624 2,706
  Wholemilk powder   4,418 4,323 4,566 3,641 4,765 3,641
  Cheese - cheddar   5,539 5,471 5,142 4,376 5,562 4,376
               
  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 = $6.24

    * before retentions      
Farms for sale  this week   1,198 1,279 1,478 1,548    
$ 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