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Farm gate newsletter for Sept 20th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sept 20th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   114 - 123     128 58
  SI   112 - 126     127 65
Prime NI   150 - 154     156 88
  SI   154 - 165     161 96
STEER (c/kg) 481-580 Lwt NI   281 - 303     306 261
Prime SI   310 - 314     312 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.36 115.15 109.32 95.32 118.36 84.82
  SI 117.02 113.08 108.05 92.69 117.02 82.82
Local trade (c/kg) NI 695 695 635 595 695 515
  (16-22kg) SI 700 680 650 570 700 520
MUTTON ($/hd) gross NI 85.68 84.69 80.85 57.12 85.68 57.12
(21.0kg MX1) SI 84.84 81.69 80.01 51.67 84.84 51.67
BEEF (c/kg)              
P2 steer NI 560 550 555 530 560 515
  (270-295kg) SI 530 525 537 513 542 503
M2 Bull NI 530 530 545 482 545 470
  (296-320kg) SI 495 497 507 450 510 450
Local Trade P2 NI 590 580 560 590 590 510
  (180-280kg) SI 570 570 590 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 582 562 543 531 582 471
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)3   995 1048   865 1068 727
  Fine Xbrd (31.6-35.0)   363 333 402 494 494 323
  Coarse Xbrd (>35 mic)   316 282 354 470 474 267
 Merino   1679 1777   1506 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,530 8,468 7,880 5,366 8,570 5,326
  Skimmilk powder   2,733 2,708 2,868 3,127 3,624 2,686
  Wholemilk powder   4,247 4,388 4,424 3,896 4,765 3,852
  Cheese - cheddar   5,726 5,501 5,461 4,802 5,562 4,801
               
  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 = $6.11

    * before retentions      
Farms for sale  this week   1,210 1,198 1,369 1,527    
$ per hectare   $27,928 $27,158 $27,212 $27,500    

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