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Farm gate newsletter for February 22 - 2018

News and analysis

LATEST MARKET PRICES

as at February - 22 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   16 - 116     128 16
  SI   74 - 98     127 20
Prime NI   119 - 149     156 85
  SI   98 - 147     168 95
STEER (c/kg) 481-580 Lwt NI   273 - 310     336 261
Prime SI   270 - 341     341 260
               
    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 118.97 119.48 122.44 86.28 122.44 84.82
  SI 119.56 120.14 120.52

83.11

120.52 82.82
Local trade (c/kg) NI 700 680 700 520 700 440
  (16-22kg) SI 710 710 730 530 730 370
MUTTON ($/hd) gross NI 96 96 108.8 64.05

110

58.38
(21.0kg MX1) SI 125 125 97.02 62.73

125

57.55
BEEF (c/kg)              
P2 steer NI 528 522 547 495 567 495
  (270-295kg) SI 508 495 526 503 542 453
M2 Bull NI 490

490

540 470 545 470
  (296-320kg) SI 474 487 515 457 515 450
Local Trade P2 NI 550 540 580 530 590 510
  (180-280kg) SI 550 540 570 530 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 647 640 606 480 647 466
               
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)   278 287 314 363 399 267
 Merino   1867 1813 1679 1588 1867 1588
Lambs wool  (28-31 micron)   515 628        
DAIRY ($/tonne)              
  Butter   7,288 8,337 8,362 6,239 8,874 6,055
  Skim milk powder  

3,177

2,615 2,623 3,432 3,624 2,506
  Wholemilk powder   4,394 4,195 4,195 4,575 4,765 4,048
  Cheese - cheddar   5,341 5,994 6,013 5,372 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 = $5.97

    * 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 »