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Farm gate newsletter for Sep 6th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sep 6th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   105 - 130     128 58
  SI   118 - 123     127 65
Prime NI   150 - 160     153 88
  SI   149 - 165     156 96
STEER (c/kg) 481-580 Lwt NI   287 - 298     306 261
Prime SI   295 - 312     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.07 113.40 106.11 95.03 118.07 84.82
  SI 116.14 111.33 105.21 93.28 116.14 82.82
Local trade (c/kg) NI 695 685 625 595 695 515
  (16-22kg) SI 700 680 630 570 700 520
MUTTON ($/hd) gross NI 85.68 85.47 79.80 57.75 85.68 57.12
(21.0kg MX1) SI 82.74 82.95 80.01 51.67 84.00 51.67
BEEF (c/kg)              
P2 steer NI 555 550 540 540 560 515
  (270-295kg) SI 527 529 527 520 542 503
M2 Bull NI 530 535 530 500 545 470
  (296-320kg) SI 495 502 505 462 510 450
Local Trade P2 NI 590 570 560 590 590 510
  (180-280kg) SI 570 570 570 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 574 550 531 476 574 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)3   1068     922 1068 727
  Fine Xbrd (31.6-35.0)   357 395 404 521 521 323
  Coarse Xbrd (>35 mic)   299 280 365 493 493 267
 Merino         1539 1648 1493
               
DAIRY ($/tonne)              
  Butter   8,469 8,036 7,297 4,582 8,570 4,575
  Skimmilk powder   2,718 2,706 2,775 2,830 3,624 2,706
  Wholemilk powder   4,338 4,337 4,504 3,706 4,765 3,700
  Cheese - cheddar   5,593 5,379 5,079 4,515 5,593 4,482
               
  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 = $6.12

    * before retentions      
Farms for sale  this week   1,188 1,239 1,4030 1,501    
$ 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