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Farm gate newsletter for Sept 27th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Sept 27th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   106 - 126     128 58
  SI   100 - 110     127 65
Prime NI   147 - 152     156 88
  SI   153 - 160     161 96
STEER (c/kg) 481-580 Lwt NI   295 - 296     306 261
Prime SI   302 - 328     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.36 116.03 110.78 95.90 118.36 84.82
  SI 117.02 114.39 110.46 94.44 117.02 82.82
Local trade (c/kg) NI 695 695 645 595 695 515
  (16-22kg) SI 700 690 660 570 700 520
MUTTON ($/hd) gross NI 85.68 84.69 84.69 57.12 85.68 57.12
(21.0kg MX1) SI 84.84 81.69 84.00 51.67 84.84 51.67
BEEF (c/kg)              
P2 steer NI 560 550 555 525 560 515
  (270-295kg) SI 530 525 542 510 542 503
M2 Bull NI 530 530 545 477 545 470
  (296-320kg) SI 495 497 510 447 510 450
Local Trade P2 NI 590 580 560 570 590 510
  (180-280kg) SI 570 570 600 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 582 568 543 530 582 466
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   995 1048   840 1068 727
  Fine Xbrd (31.6-35.0)   359 323 400 489 489 323
  Coarse Xbrd (>35 mic)   307 286 345 474 474 267
 Merino   1679 1751   1498 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,561 8,570 7,922 5,402 8,570 5,326
  Skimmilk powder   2,743 2,741 2,881 3,147 3,624 2,686
  Wholemilk powder   4,262 4,441 4,287 3,922 4,765 3,852
  Cheese - cheddar   5,747 5,568 5,281 4,834 5,762 4,853
               
  Fonterra milk price   2016/17 final $6.12 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   1,216 1,188 1,337 1,545    
$ 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