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Farm gate newsletter for March -15 - 2018

News and analysis

LATEST MARKET PRICES

as at March-15 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   10 - 125     130 10
  SI   65 - 100     127 20
Prime NI   110 - 186     184 85
  SI   115 - 1180     180 95
STEER (c/kg) 481-580 Lwt NI   275 - 296     336 261
Prime SI  

280 - 308

    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 122.90 119.85 118.10 87.73 122.90 84.82
  SI 114.40 117.44 118.99

92.11

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 545 528 532 525 567 495
  (270-295kg) SI 513 504 531 515 460 453
M2 Bull NI 502

490

512 485 545 460
  (296-320kg) SI 485 483 509 458 515 450
Local Trade P2 NI 550 540 550 540 590 510
  (180-280kg) SI 550 540 560 540 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 650 642 636 498

650

466
               
WOOL indicator auction prices (c/kg, clean) NI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   987 982 791 727 1068 727
  Fine Xbrd (31.6-35.0)   320 307 340 396 424 302
  Coarse Xbrd (>35 mic)   298 278 289 389 399 267
 Merino   2468 1867 1679 1588 2468 1588
Lambs wool  (28-31 micron)  

480

506 628      
DAIRY ($/tonne)              
  Butter   7,512 6,961 7,884 6,290 8,874 6,055
  Skim milk powder  

2,722

2,563 2,553 3,459 3,624 2,506
  Wholemilk powder   4,514 4,191 4,106 4,612 4,765 4,048
  Cheese - cheddar   5,169 5,994 5,794 5,364 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 = $5.90

    * 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 »