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Farm gate newsletter for June -23rd - 2018

News and analysis

LATEST MARKET PRICES

as at June -23rd - 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   88 - 126     150 10
  SI   86- 123     148 20
Prime NI   126 - 156     211 85
  SI   111 - 171    

208

95
STEER (c/kg) 481-580 Lwt NI  

259 - 268

    336 258
Prime SI  

253- 270

    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 137.79 134.29 123.23

110.78

137.79 84.82
  SI 133.85 129.26 120.73

110.46

133.85 82.82
Local trade (c/kg) NI 750 740 710 645 750 440
  (16-22kg) SI 760 730 710

660

760 370
MUTTON ($/hd) gross NI 105.74 105.56 99.26 84.69

110

58.38
(21.0kg MX1) SI 107. 31 108.89 103.11 84

109.94

57.55
BEEF (c/kg)              
P2 steer NI 522.50 522.50 522.50 555 567 495
  (270-295kg) SI 502.50 500 508

542

542 453
M2 Bull NI 502.50

495

495

545

545 460
  (296-320kg) SI 475 465 480 510 515 450
Local Trade P2 NI 550 540 570 560 590 510
  (180-280kg) SI 530 530 560 600 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 651 651 642

546

651

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   878 1029 1038 727 1168 727
  Fine Xbrd (31.6-35.0)   355 369.50 324 398 424 302
  Coarse Xbrd (>35 mic)   345 347.50 294

349.50

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

504

489 476   620 425
DAIRY ($/tonne)              
  Butter   8,468 8,330

7,309

7,956 8,874 6,055
  Skim milk powder  

3,234

3,029 2,611 2,893 3,624 2,506
  Wholemilk powder   4,688 4,832 4,464 4,305 4,865 4,048
  Cheese - cheddar   5,887 5770 4,994 5,304 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 = $5.17

    * 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 »