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Farm gate newsletter for April 27 - 2018

News and analysis

LATEST MARKET PRICES

as at April -27 - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   60 - 129     130 10
  SI   80 - 110     127 20
Prime NI   95 - 176     184 85
  SI   110 - 170     180 95
STEER (c/kg) 481-580 Lwt NI   258 - 305     336 261
Prime SI  

270 - 283

    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 128 16 124.23 119.48 100.28 128.16 84.82
  SI 122.69 120.70 117.46

94.27

122.69 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 96.86 99.26 95.41 73.08

110

58.38
(21.0kg MX1) SI 105.24 103 11 98.81 70.77

125

57.55
BEEF (c/kg)              
P2 steer NI 507.5 523 522 540 567 495
  (270-295kg) SI 498 508 505 517 542 453
M2 Bull NI 475

495

490 527 545 460
  (296-320kg) SI 465 480 482 491 515 450
Local Trade P2 NI 560 570 540 580 590 510
  (180-280kg) SI 550 560 540 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 642 642 630

507

642

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   949 1038 910 727 1068 727
  Fine Xbrd (31.6-35.0)   349 349 341 395 424 302
  Coarse Xbrd (>35 mic)   321 314 287

365

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

427

443 480 628    
DAIRY ($/tonne)              
  Butter   7,656 7,405 6730 7,273 8,874 6,055
  Skim milk powder  

2,690

2721 2,445 2,733 3,624 2,506
  Wholemilk powder   4,621 4,512 3928 4,270 4,765 4,048
  Cheese - cheddar   5,311 4994 4892 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 = $5.73

    * 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 »