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Farm gate newsletter for Dec 6th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Dec 6th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   73 - 84     128 58
  SI   83 - 88     127 66
Prime NI   124 - 137     156 88
  SI   128 - 139     163 96
STEER (c/kg) 481-580 Lwt NI   284 - 288     309 261
Prime SI   295 - 311     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 120.98 118.94 118.07 90.65 122.44 84.82
  SI 119.21 119.21 116.14 90.94 120.52 82.82
Local trade (c/kg) NI 700 695 695 565 700 515
  (16-22kg) SI 730 700 700 550 730 520
MUTTON ($/hd) gross NI 96.60 97.44 85.68 59.35 100.80 58.38
(21.0kg MX1) SI 94.50 95.02 82.74 58.39 97.65 56.92
BEEF (c/kg)              
P2 steer NI 542 542 555 527 567 515
  (270-295kg) SI 526 524 527 512 542 503
M2 Bull NI 522 505 530 477 545 470
  (296-320kg) SI 510 490 495 458 515 450
Local Trade P2 NI 560 580 590 540 590 510
  (180-280kg) SI 560 560 570 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 616 595 574 469 616 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   791 791 1068 743 1068 727
  Fine Xbrd (31.6-35.0)   356 336 357 424 424 307
  Coarse Xbrd (>35 mic)   310 294 299 417 417 267
 Merino   1849 1768 1715 1648 1849 1588
               
DAIRY ($/tonne)              
  Butter   7,884 8,288 8,469 5,750 8,874 5,750
  Skimmilk powder   2,533 2,606 2,718 3,303 3,624 2,506
  Wholemilk powder   4,105 4,332 4,338 4,404 4,765 4,101
  Cheese - cheddar   5,757 5,933 5,593 5,092 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 = $6.37

    * before retentions      
Farms for sale  this week60   1711 1643 1188 1745    
$ 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