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Farm gate newsletter for February 14 - 2018

News and analysis

LATEST MARKET PRICES

as at February - 14 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   25 - 107     128 20
  SI   40 - 95     127 20
Prime NI   95 - 144     156 85
  SI   90 - 134     168 95
STEER (c/kg) 481-580 Lwt NI   255 - 321     336 261
Prime SI   260 - 313     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 118.97 118.07 118.94 86.28 122.44 84.82
  SI 116.34 117.46 119.21

77.82

120.52 82.82
Local trade (c/kg) NI 615 615 620 440 700 440
  (16-22kg) SI 608 570 550 370 730 370
MUTTON ($/hd) gross NI 96 96 108.8 64.05

110

58.38
(21.0kg MX1) SI 103.75 90.82 97.02 62.73

110

57.55
BEEF (c/kg)              
P2 steer NI 528 522 547 495 567 495
  (270-295kg) SI 504 495 526 503 542 453
M2 Bull NI 490 502 515 453 545 470
  (296-320kg) SI 474 487 497 450 515 450
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 645 636 601 466 636 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   987 982 791 727 1068 727
  Fine Xbrd (31.6-35.0)   330 341 360 344 424 302
  Coarse Xbrd (>35 mic)   306 280 302 336 399 267
 Merino   1867 1813 1679 1588 1867 1588
Lambs wool  (28-31 micron)   548 628        
DAIRY ($/tonne)              
  Butter   6961 8,337 8,259 6,158 8,874 6,055
  Skimmilk powder  

2,563

2,615 2,591 3,440 3,624 2,506
  Wholemilk powder   4,190 4,195 4,156 4,535 4,765 4,048
  Cheese - cheddar   4,918 5,994 5,938 5,254 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 = $6.14

    * 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