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Farm gate newsletter for April 19 - 2018

News and analysis

LATEST MARKET PRICES

as at April -19 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   94 - 125     130 10
  SI   92 - 110     127 20
Prime NI   109 - 175     184 85
  SI   96 - 167     180 95
STEER (c/kg) 481-580 Lwt NI   246 - 311     336 261
Prime SI  

227 - 279

    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 125 16 124.23 119 98.53 125.16 84.82
  SI 121.20 120.30 117.46

94.27

121.20 82.82
Local trade (c/kg) NI 720 710 690 595 720 440
  (16-22kg) SI 710 710 720 580 730 370
MUTTON ($/hd) gross NI 97.86 99.26 94.71 72.45

110

58.38
(21.0kg MX1) SI 104. 69 103 11 96.02 70.35

125

57.55
BEEF (c/kg)              
P2 steer NI 513 533 522 540 567 495
  (270-295kg) SI 500 513 505 517 460 453
M2 Bull NI 485

505

483 527 545 460
  (296-320kg) SI 472.3 485 485 491 515 450
Local Trade P2 NI 560 570 530 580 590 510
  (180-280kg) SI 550 560 540 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 642 642 636

507

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)   314 322 341 395 424 302
  Coarse Xbrd (>35 mic)   302 274 280

369

399 267
 Merino   2668 1867 1679 1588 2468 1588
Lambs wool  (28-31 micron)  

452

550 480 628    
DAIRY ($/tonne)              
  Butter   7,528 7,512 7,015 7,273 8,874 6,055
  Skim milk powder  

2,645

2722 2,548 2,733 3,624 2,506
  Wholemilk powder   4,544 4,512 4,103 4,270 4,765 4,048
  Cheese - cheddar   5,222 5,169 5,405 4,861 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 = $5.77

    * 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 »