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Farm gate newsletter for April 12 - 2018

News and analysis

LATEST MARKET PRICES

as at April -12 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   72 - 101     130 10
  SI   68 - 120     127 20
Prime NI   120 - 158     184 85
  SI   120- 180     180 95
STEER (c/kg) 481-580 Lwt NI   276 - 280     336 261
Prime SI  

272 - 280

    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 124.23 124.23 118.07 96.48 122.90 84.82
  SI 120.01 121.30 117.46

96.96

120.52 82.82
Local trade (c/kg) NI 720 680 700 520 700 440
  (16-22kg) SI 710 710 730 530 730 370
MUTTON ($/hd) gross NI 96.11 99.91 94.01 72.45

110

58.38
(21.0kg MX1) SI 103.64 102.32 95.24 70.14

125

57.55
BEEF (c/kg)              
P2 steer NI 523 532 522 540 567 495
  (270-295kg) SI 504 513 505 517 460 453
M2 Bull NI 490

505

502 532 545 460
  (296-320kg) SI 478 485 493 491 515 450
Local Trade P2 NI 565 545 522 535 590 510
  (180-280kg) SI 560 550 560 540 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 642 642 636

540

642

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1034 982 791 727 1068 727
  Fine Xbrd (31.6-35.0)   340 341 360 411 424 302
  Coarse Xbrd (>35 mic)   314 292 310 375 399 267
 Merino   2668 1867 1679 1588 2468 1588
Lambs wool  (28-31 micron)  

452

550 480 628    
DAIRY ($/tonne)              
  Butter   7,358 7,512 6,730 7,484 8,874 6,055
  Skim milk powder  

2742

2722 2,445 2853 3,624 2,506
  Wholemilk powder   4,512 4,312 3,928 4,289 4,765 4,048
  Cheese - cheddar   5,137 5,169 4,892 5,156 6,052 4,853
               
  Fonterra milk price   2016/17 final $6.12 2017/18 forecast $6.55*
  Fonterra dividend   2016/17 final $0.40 2017/18 forecast 0.25-30c
  Fonterra wet share price   $7.92

NZX FCG = $5.67

    * 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 »