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Farm gate newsletter for June -17th - 2018

News and analysis

LATEST MARKET PRICES

as at June -17th - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   84 - 128     150 10
  SI   83 - 123     148 20
Prime NI   130 - 176     211 85
  SI   133 - 173    

208

95
STEER (c/kg) 481-580 Lwt NI  

258 - 272

    336 258
Prime SI  

220- 257

    341 220
               
    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 136.91 131.23 120.30

109.30

136.91 84.82
  SI 132.10 127.73 117.44

107.61

132.10 82.82
Local trade (c/kg) NI 750 740 700 625 750 440
  (16-22kg) SI 750 730 710

640

750 370
MUTTON ($/hd) gross NI 105.74 104.86 98.11 80.85

110

58.38
(21.0kg MX1) SI 107. 84 107.84 99.17 80.85

109.94

57.55
BEEF (c/kg)              
P2 steer NI 522.50 507.50 527.50 555 567 495
  (270-295kg) SI 502.50 498 507 537 542 453
M2 Bull NI 495

475

490

545

545 460
  (296-320kg) SI 473 463 485 507 515 450
Local Trade P2 NI 540 540 560 570 590 510
  (180-280kg) SI 530 530 560 600 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 651 651 642

540

651

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   878 1168 1038 727 1168 727
  Fine Xbrd (31.6-35.0)   345 383 322 404 424 302
  Coarse Xbrd (>35 mic)   343 342 295

354

399 267
 Merino   2438 2332 1679 1588 2468 1588
Lambs wool  (28-31 micron)  

425

489 476   620 425
DAIRY ($/tonne)              
  Butter   8,484 8,386

7,405

7,904 8,874 6,055
  Skim milk powder  

3,307

3,050 2,721 2,877 3,624 2,506
  Wholemilk powder   4,817 4,000 4,512 4,437 4,865 4,048
  Cheese - cheddar   5,896 5,809 5,407 5,477 6,052 4,853
               
  Fonterra milk price   2016/17 final $6.12 2017/18 forecast $6.75*
  Fonterra dividend   2016/17 final $0.40 2017/18 forecast 0.25-30c
  Fonterra wet share price   $7.92

NZX FCG = $5.04

    * 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 »