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Farm gate newsletter for February 9 - 2018

News and analysis

LATEST MARKET PRICES

as at February - 9-- 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   45 - 87     128 20
  SI   42 - 92     127 20
Prime NI   90 - 123     156 85
  SI   97- 168     168 95
STEER (c/kg) 481-580 Lwt NI   289 - 321     336 261
Prime SI   260 - 296     330 260
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 119.85 118.07 119.21 85.40 122.44 84.82
  SI 117.22 117.46 118.84 83.69 120.52 82.82
Local trade (c/kg) NI 613 615 620 440 700 440
  (16-22kg) SI 605 570 550 370 730 370
MUTTON ($/hd) gross NI 91.14 96 110 91

110

58.38
(21.0kg MX1) SI 103.75 110 95 88

110

57.55
BEEF (c/kg)              
P2 steer NI 520 522 542 515 567 495
  (270-295kg) SI 510 495 521 503 542 453
M2 Bull NI 490 502 505 470 545 470
  (296-320kg) SI 484 497 495 458 515 450
Local Trade P2 NI 530 580 580 530 590 510
  (180-280kg) SI 550 560 570 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 612 636 592 466 636 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   987 815 995 727 1068 727
  Fine Xbrd (31.6-35.0)   307 379 363 403 424 302
  Coarse Xbrd (>35 mic)   292 285 316 396 399 267
 Merino   1867 1813 1679 1588 1867 1588
Lambs wool  (28-31 micron)   561 628        
DAIRY ($/tonne)              
  Butter   6,671 8,337 8,324 6,055 8,874 6,055
  Skimmilk powder  

2,456

2,615 2,617 3,284 3,624 2,506
  Wholemilk powder   4,016 4,195 4,351 4,361 4,765 4,048
  Cheese - cheddar   4,713 5,994 5,959 5,166 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 = $6.15

    * before retentions      
Farms for sale  this week60   1692 1714 1210 1690    
$ per hectare   $26,802 $24,982 $27,928 $26,348    

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