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Farm gate newsletter for Oct 18th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Oct 18th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   697 - 107     128 58
  SI   79 - 106     127 65
Prime NI   133 - 158     156 88
  SI   157 - 161     163 96
STEER (c/kg) 481-580 Lwt NI   301 - 309     309 261
Prime SI   298 - 311     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.94 118.36 112.23 100.28 118.94 84.82
  SI 118.55 117.02 110.89 100.28 118.55 82.82
Local trade (c/kg) NI 695 695 675 595 695 515
  (16-22kg) SI 700 700 660 590 700 520
MUTTON ($/hd) gross NI 87.15 85.68 84.69 59.22 87.15 58.38
(21.0kg MX1) SI 86.31 84.84 82.95 58.38 86.31 56.92
BEEF (c/kg)              
P2 steer NI 545 560 555 532 560 515
  (270-295kg) SI 522 530 534 522 542 503
M2 Bull NI 510 530 540 485 545 470
  (296-320kg) SI 487 495 507 458 510 450
Local Trade P2 NI 580 590 580 550 590 510
  (180-280kg) SI 560 570 600 550 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 598 582 543 522 598 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   888 995   830 1068 727
  Fine Xbrd (31.6-35.0)   330 363 395 463 466 319
  Coarse Xbrd (>35 mic)   301 316 276 454 456 267
 Merino   1719 1679   1493 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,210 8,530 8,308 5,515 8,874 5,455
  Skimmilk powder   2,695 2,733 2,769 3,341 3,624 2,631
  Wholemilk powder   4,279 4,247 4,323 3,898 4,765 3,852
  Cheese - cheddar   5,740 5,726 5,471 5,081 5,833 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 = $6.21

    * before retentions      
Farms for sale  this week60         28    
$ 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