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Farm gate newsletter for Nov 8th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Nov 8th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   94 - 106     128 58
  SI   90 - 104     127 65
Prime NI   139 - 148     156 88
  SI   147 - 155     163 96
STEER (c/kg) 481-580 Lwt NI   289 - 300     309 261
Prime SI   296 - 328     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 118.94 118.94 113.40 95.61 118.94 84.82
  SI 119.21 118.55 111.33 95.61 119.21 82.82
Local trade (c/kg) NI 695 695 685 575 695 515
  (16-22kg) SI 700 700 680 580 700 520
MUTTON ($/hd) gross NI 97.44 87.15 85.47 59.22 97.44 58.38
(21.0kg MX1) SI 95.02 85.89 82.95 58.39 95.02 56.92
BEEF (c/kg)              
P2 steer NI 542 550 550 517 560 515
  (270-295kg) SI 524 525 529 508 542 507
M2 Bull NI 505 510 535 477 545 470
  (296-320kg) SI 490 487 502 460 510 450
Local Trade P2 NI 580 580 570 540 590 510
  (180-280kg) SI 560 570 570 540 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 595 587 550 498 595 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   791 906   787 1068 727
  Fine Xbrd (31.6-35.0)   336 319 395 454 438 307
  Coarse Xbrd (>35 mic)   294 298 280 446 429 267
 Merino   1813 1654   1544 1777 1493
               
DAIRY ($/tonne)              
  Butter   8,288 8,830 8,172 5,455 8,874 5,455
  Skimmilk powder   2,606 2,673 2,752 3,085 3,624 2,606
  Wholemilk powder   4,332 4,468 4,411 3,852 4,765 3,852
  Cheese - cheddar   5,933 5,804 5,471 4,926 6,040 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 = $6.28

    * before retentions      
Farms for sale  this week60   1643 1379 1239 1752    
$ 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