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Farm gate newsletter for Sept 13th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sept 13th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   114 - 127     128 58
  SI   118 - 126     127 65
Prime NI   150 - 160     156 88
  SI   149 - 154     156 96
STEER (c/kg) 481-580 Lwt NI   294 - 303     306 261
Prime SI   309 - 316     308 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.36 113.98 107.86 95.32 118.36 84.82
  SI 117.02 111.99 107.61 92.69 117.02 82.82
Local trade (c/kg) NI 695 695 625 595 695 515
  (16-22kg) SI 700 680 640 570 700 520
MUTTON ($/hd) gross NI 85.68 84.69 79.80 57.12 85.68 57.12
(21.0kg MX1) SI 83.79 81.69 80.01 51.67 84.00 51.67
BEEF (c/kg)              
P2 steer NI 560 550 555 535 560 515
  (270-295kg) SI 530 525 527 517 542 503
M2 Bull NI 530 530 545 490 545 470
  (296-320kg) SI 495 500 507 455 510 450
Local Trade P2 NI 590 580 560 590 590 510
  (180-280kg) SI 570 570 580 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 580 555 540 528 580 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)3   1068     865 1068 727
  Fine Xbrd (31.6-35.0)   350 395 400 507 507 323
  Coarse Xbrd (>35 mic)   305 273 359 481 481 267
 Merino         1506 1648 1493
               
DAIRY ($/tonne)              
  Butter   8,388 8,232 7,898 4,575 8,570 4,575
  Skimmilk powder   2,692 2,772 2,875 2,826 3,624 2,686
  Wholemilk powder   4,297 4,443 4,433 3,700 4,765 3,700
  Cheese - cheddar   5,539 5,511 5,473 4,563 5,593 4,563
               
  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 = $6.14

    * before retentions      
Farms for sale  this week   1,191 1,217 1,385 1,526    
$ 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