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Farm gate newsletter for Dec 13th 2017

News and analysis

LATEST MARKET PRICES

as at Wednesday, Dec 13th 2017

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   65 - 77     128 58
  SI   68 - 83     127 66
Prime NI   118 - 135     156 88
  SI   128 - 138     163 96
STEER (c/kg) 481-580 Lwt NI   282 - 284     309 261
Prime SI   295 - 306     313 285
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 119.23 118.94 118.36 88.61 122.44 84.82
  SI 118.99 119.21 117.02 86.61 120.52 82.82
Local trade (c/kg) NI 680 695 695 555 700 515
  (16-22kg) SI 720 710 700 550 730 520
MUTTON ($/hd) gross NI 95.19 100.80 85.68 58.38 100.80 58.38
(21.0kg MX1) SI 92.19 97.02 84.84 56.92 97.65 56.92
BEEF (c/kg)              
P2 steer NI 532 547 560 527 567 515
  (270-295kg) SI 520 526 530 512 542 503
M2 Bull NI 512 515 530 477 545 470
  (296-320kg) SI 502 497 495 458 515 450
Local Trade P2 NI 540 580 590 540 590 510
  (180-280kg) SI 560 560 570 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 616 599 580 469 616 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   982 791 1068 743 1068 727
  Fine Xbrd (31.6-35.0)   340 360 350 421 424 307
  Coarse Xbrd (>35 mic)   297 302 305 409 399 267
 Merino   1867 1813 1713 1648 1867 1588
               
DAIRY ($/tonne)              
  Butter   7,015 8,337 8,388 6,059 8,874 6,055
  Skimmilk powder   2,548 2,615 2,692 3,281 3,624 2,506
  Wholemilk powder   4,103 4,195 4,297 4,549 4,765 4,101
  Cheese - cheddar   5,405 5,994 5,539 5,190 6,052 4,853
               
  Fonterra milk price   2016/17 final $6.12 2017/18 forecast $6.40*
  Fonterra dividend   2016/17 final $0.40 2017/18 forecast 0.35-45c
  Fonterra wet share price   $7.92

NZX FCG = $6.40

    * before retentions      
Farms for sale  this week60   1704 1702 1191 1737    
$ 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 »