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Farm gate newsletter for Oct 4th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Oct 4th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   89 - 121     128 58
  SI   97 - 113     127 65
Prime NI   146 - 153     156 88
  SI   149 - 155     163 96
STEER (c/kg) 481-580 Lwt NI   301 - 318     309 261
Prime SI   289 - 323     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.36 118.07 110.78 100.86 118.36 84.82
  SI 117.68 116.14 110.46 100.28 117.68 82.82
Local trade (c/kg) NI 695 695 655 595 695 515
  (16-22kg) SI 700 700 660 590 700 520
MUTTON ($/hd) gross NI 85.68 85.68 84.69 59.22 85.68 58.38
(21.0kg MX1) SI 85.26 82.74 83.37 58.39 85.26 56.92
BEEF (c/kg)              
P2 steer NI 555 555 557 552 560 515
  (270-295kg) SI 527 527 541 535 542 503
M2 Bull NI 517 530 545 510 545 470
  (296-320kg) SI 491 495 510 475 510 450
Local Trade P2 NI 590 590 570 560 590 510
  (180-280kg) SI 570 570 600 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 585 574 543 534 585 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   906 1068   840 1068 727
  Fine Xbrd (31.6-35.0)   339 357 395 470 470 323
  Coarse Xbrd (>35 mic)   308 299 340 456 456 267
 Merino   1654 1715   1493 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,740 8,462 7,915 5,326 8,740 5,443
  Skimmilk powder   2,646 2,716 2,890 3,357 3,624 2,631
  Wholemilk powder   4,230 4,335 4,300 3,955 4,765 3,852
  Cheese - cheddar   5,745 5,588 5,298 5,001 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   1,308 1,188 1,307 1,541    
$ 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