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Farm gate newsletter for Aug 30th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Aug 30th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   91 - 130     128 58
  SI   95 - 106     110 65
Prime NI   141 - 151     153 88
  SI   146 - 155     151 96
STEER (c/kg) 481-580 Lwt NI   289 - 290     306 261
Prime SI   299 - 313     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 116.03 113.11 106.11 95.03 116.03 84.82
  SI 114.39 111.11 104.33 93.28 114.39 82.82
Local trade (c/kg) NI 695 675 625 595 695 515
  (16-22kg) SI 690 660 630 570 690 520
MUTTON ($/hd) gross NI 84.69 85.47 78.33 57.75 85.47 57.12
(21.0kg MX1) SI 81.69 83.37 78.96 52.30 84.00 51.67
BEEF (c/kg)              
P2 steer NI 550 550 540 540 560 515
  (270-295kg) SI 525 529 527 520 542 503
M2 Bull NI 530 535 522 500 545 470
  (296-320kg) SI 497 505 501 462 510 450
Local Trade P2 NI 580 570 560 590 590 510
  (180-280kg) SI 570 570 570 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 568 543 531 475 567 471
               
WOOL indicator auction prices (c/kg, clean) NI/SI         Source: WSI
  Mid mic (23.1-31.5)3   1129     922 1129 727
  Fine Xbrd (31.6-35.0)   323 395 403 539 539 323
  Coarse Xbrd (>35 mic)   286 280 370 502 502 267
 Merino       411 1539 1648 1493
               
DAIRY ($/tonne)              
  Butter   8,518 8,214 7,358 4,352 8,570 4,352
  Skimmilk powder   2,724 2,741 2,798 2,763 3,624 2,706
  Wholemilk powder   4,414 4,274 4,541 3,678 4,765 3,678
  Cheese - cheddar   5,534 5,409 5,121 4,376 5,568 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 = $6.22

    * before retentions      
Farms for sale  this week   1,188 1,260 1,450 1,510    
$ 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