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Farm gate newsletter for July- 7th- 2018

News and analysis

LATEST MARKET PRICES

as at July- 7th- 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   72 - 130 114   150 10
  SI  

90 - 132

125   148 20
Prime NI   120 - 189 152   211 85
  SI   140 - 206 170  

210

95
STEER (c/kg) 481-580 Lwt NI  

255 - 296

272   336 258
Prime SI  

233 - 285

262   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 138.66 135.16 124.23

110.78

138.66 84.82
  SI 135.16 131.23 120.30

110.46

135.16 82.82
Local trade (c/kg) NI 755 750 720 655 755 440
  (16-22kg) SI 770 750 710

660

770 370
MUTTON ($/hd) gross NI 105.56 96.11 96.11 84.69

110

58.38
(21.0kg MX1) SI 109. 41 109.41 103.64

82.95

109.94

57.55
BEEF (c/kg)              
P2 steer NI 532.50 522.50 522.50 560 567 495
  (270-295kg) SI 508.75 500 502.50

536

542 453
M2 Bull NI 502.50

502.50

490

545

545 460
  (296-320kg) SI 475 475 478 510 515 450
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 654 651 642

546

651

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   878 878 1022 727 1168 727
  Fine Xbrd (31.6-35.0)   410 351 337 394 424 302
  Coarse Xbrd (>35 mic)   338 346 307

303.50

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

515

489 476   620 425
DAIRY ($/tonne)              
  Butter   7,997 8,228

7,528

8,134 8,874 6,055
  Skim milk powder  

3,059

3,274 2,645 2,917 3,624 2,506
  Wholemilk powder   4,758 4,769 4,544 4,306 4,865 4,048
  Cheese - cheddar   5,749 5,837 5,222 5,309 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 = $5.25

    * 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 ยป