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Farm gate newsletter for Nov 1st 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Nov 1st 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   99 - 115     128 58
  SI   82 - 107     127 65
Prime NI   141 - 155     156 88
  SI   153 - 154     163 96
STEER (c/kg) 481-580 Lwt NI   288 - 293     309 261
Prime SI   296 - 320     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.94 118.36 113.11 96.19 118.94 84.82
  SI 119.21 117.68 111.11 97.07 119.21 82.82
Local trade (c/kg) NI 695 695 675 575 695 515
  (16-22kg) SI 700 700 660 580 700 520
MUTTON ($/hd) gross NI 94.80 85.68 85.47 59.22 94.50 58.38
(21.0kg MX1) SI 92.82 85.26 83.37 58.39 92.82 56.92
BEEF (c/kg)              
P2 steer NI 542 555 550 522 560 515
  (270-295kg) SI 521 527 529 512 542 507
M2 Bull NI 505 517 535 477 545 470
  (296-320kg) SI 487 491 505 460 510 450
Local Trade P2 NI 580 590 570 550 590 510
  (180-280kg) SI 560 570 570 550 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 593 585 543 514 593 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   888 906   787 1068 727
  Fine Xbrd (31.6-35.0)   336 339 395 454 438 307
  Coarse Xbrd (>35 mic)   294 308 280 446 429 267
 Merino   1768 1654   1544 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,367 8,740 8,289 5,586 8,874 5,455
  Skimmilk powder   2,631 2,646 2,763 3,159 3,624 2,631
  Wholemilk powder   4,374 4,397 4,313 3,945 4,765 3,852
  Cheese - cheddar   5,990 5,712 5,458 5,044 5,906 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 = $6.39

    * before retentions      
Farms for sale  this week60   1570 1308 1260 1725    
$ per hectare   $27,363 $27,928 $25,993 $26,825    

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