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Farm gate newsletter for Nov 22nd 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Nov 22nd 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   72 - 95     128 58
  SI   90 - 94     127 66
Prime NI   133 - 145     156 88
  SI   141 - 147     163 96
STEER (c/kg) 481-580 Lwt NI   302 - 303     309 261
Prime SI   298 - 322     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 122.44 118.94 115.15 92.11 122.44 84.82
  SI 120.52 118.55 113.08 92.69 120.52 82.82
Local trade (c/kg) NI 700 695 695 575 700 515
  (16-22kg) SI 730 700 680 550 730 520
MUTTON ($/hd) gross NI 100.80 88.62 84.69 59.22 100.80 58.38
(21.0kg MX1) SI 97.65 87.36 81.69 58.39 97.65 56.92
BEEF (c/kg)              
P2 steer NI 567 542 550 517 567 515
  (270-295kg) SI 535 521 525 505 542 503
M2 Bull NI 540 505 530 477 545 470
  (296-320kg) SI 515 485 497 455 515 450
Local Trade P2 NI 580 580 580 540 590 510
  (180-280kg) SI 560 560 570 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 614 591 562 474 614 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   791 888 1048 735 1068 727
  Fine Xbrd (31.6-35.0)   379 307 333 428 428 307
  Coarse Xbrd (>35 mic)   326 287 282 433 433 267
 Merino   1813 1719 1777 1541 1813 1541
               
DAIRY ($/tonne)              
  Butter   8,416 8,422 8,526 5,798 8,874 5,750
  Skimmilk powder   2,640 2,765 2,727 3,305 3,624 2,588
  Wholemilk powder   4,235 4,389 4,418 4,384 4,765 4,150
  Cheese - cheddar   6,052 5,888 5,539 5,150 6,052 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 = $6.33

    * before retentions      
Farms for sale  this week60   1714 1508 1198 1764    
$ per hectare   $24,982 $27,363 $27,158 $25,974    

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