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Farm gate newsletter for Nov 29th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Nov 29th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   63 - 84     128 58
  SI   85 - 91     127 66
Prime NI   123 - 140     156 88
  SI   133 - 139     163 96
STEER (c/kg) 481-580 Lwt NI   300 - 303     309 261
Prime SI   300 - 305     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 121.57 118.94 116.03 92.11 122.44 84.82
  SI 120.30 118.55 114.39 92.11 120.52 82.82
Local trade (c/kg) NI 700 695 695 575 700 515
  (16-22kg) SI 730 700 690 550 730 520
MUTTON ($/hd) gross NI 98.07 94.50 84.69 59.85 100.80 58.38
(21.0kg MX1) SI 95.55 92.82 81.69 58.39 97.65 56.92
BEEF (c/kg)              
P2 steer NI 552 542 550 522 567 515
  (270-295kg) SI 531 521 525 508 542 503
M2 Bull NI 527 505 530 477 545 470
  (296-320kg) SI 512 487 497 458 515 450
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 614 598 567 477 614 471
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   791 791 995 735 1068 727
  Fine Xbrd (31.6-35.0)   369 336 359 411 411 307
  Coarse Xbrd (>35 mic)   314 294 307 413 413 267
 Merino   1813 1768 1679 1541 1813 1541
               
DAIRY ($/tonne)              
  Butter   7,876 8,367 8,518 5,759 8,874 5,750
  Skimmilk powder   2,504 2,631 2,724 3,308 3,624 2,504
  Wholemilk powder   4,235 4,374 4,414 4,411 4,765 4,101
  Cheese - cheddar   6,052 5,990 5,534 5,101 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 = $6.35

    * before retentions      
Farms for sale  this week60   1715 1570 1188 1758    
$ 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