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Farm gate newsletter for May -18th - 2018

News and analysis

LATEST MARKET PRICES

as at May -18th - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   100 - 142     142 10
  SI   80 - 122     145 20
Prime NI   130 - 186     184 85
  SI   120 - 192     180 95
STEER (c/kg) 481-580 Lwt NI  

263 - 293

    336 261
Prime SI  

260 - 275

    341 225
               
    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 130.96 125.10 119.70

104.70

130.96 84.82
  SI 125.76 121.20 117.44

99.96

125.76 82.82
Local trade (c/kg) NI 720 710 690 595 720 440
  (16-22kg) SI 710 710 720

590

730 370
MUTTON ($/hd) gross NI 104.86 97.86 96.11 77.07

110

58.38
(21.0kg MX1) SI 107.84 104.69 99.17 75.81

125

57.55
BEEF (c/kg)              
P2 steer NI 507.5 522.50 527.50 540 567 495
  (270-295kg) SI 497.50 502.25 506.30 522 542 453
M2 Bull NI 475

485

490

522

545 460
  (296-320kg) SI 463 472.5 483 501 515 450
Local Trade P2 NI 540 560 540 580 590 510
  (180-280kg) SI 530 560 540 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 645 642 615

525

645

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1168 1022 918 727 1068 727
  Fine Xbrd (31.6-35.0)   373 314 308 394 424 302
  Coarse Xbrd (>35 mic)   353 302 278

367

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

426

476 620      
DAIRY ($/tonne)              
  Butter   8,296 7,528

6,962

7,348 8,874 6,055
  Skim milk powder  

3,017

2,645 2,563 2,948 3,624 2,506
  Wholemilk powder   4,813 4,544 4,191 4,672 4,778 4,048
  Cheese - cheddar   5,746 5,222 4,918 5,264 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 = $5.74

    * 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 »