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Farm gate newsletter for May -25th - 2018

News and analysis

LATEST MARKET PRICES

as at May -25th - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   76 - 150     150 10
  SI   85 - 148     148 20
Prime NI   130 - 211     211 85
  SI   120 - 196    

196

95
STEER (c/kg) 481-580 Lwt NI  

211 - 296

    336 261
Prime SI  

220 - 289

    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 133.23 128.16 120.30

104.70

133.23 84.82
  SI 127.73 122.69 117.01

102.80

127.73 82.82
Local trade (c/kg) NI 740 720 710 615 740 440
  (16-22kg) SI 730 710 700

620

730 370
MUTTON ($/hd) gross NI 104.86 97.86 96.11 78.33

110

58.38
(21.0kg MX1) SI 108.36 105.21 101.54 78.54

125

57.55
BEEF (c/kg)              
P2 steer NI 507.5 507.5 545 540 567 495
  (270-295kg) SI 500 497.50 506.25 525 542 453
M2 Bull NI 475

475

502.5

522

545 460
  (296-320kg) SI 465 465 478 501 515 450
Local Trade P2 NI 540 550 570 560 590 510
  (180-280kg) SI 530 540 560 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 651 642 631

531

651

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1168 751 985 727 1068 727
  Fine Xbrd (31.6-35.0)   373 371 316 399 424 302
  Coarse Xbrd (>35 mic)   342 312 296

371

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

426

476 620      
DAIRY ($/tonne)              
  Butter   8,386 7,656

7,233

7,294 8,874 6,055
  Skim milk powder  

3,050

2,690 3,177 2,903 3,624 2,506
  Wholemilk powder   4,865 4,621 4,394 4,645 4,865 4,048
  Cheese - cheddar   5,809 5,311 5,341 5,225 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 = $5.35

    * 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 »