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Farm gate newsletter for July- 29th- 2018

News and analysis

LATEST MARKET PRICES

as at July- 29th- 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   85 - 155 116   150 10
  SI  

136 - 159

146   148 20
Prime NI   130 - 197

185

  211 85
  SI   145 - 185 180  

210

95
STEER (c/kg) 481-580 Lwt NI  

284 - 300

292   336 258
Prime SI  

290 - 293

291   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 137.27 134.19 128.16

113.10

138.66 84.82
  SI 133.44 130.25 119.09

111.11

135.16 82.82
Local trade (c/kg) NI 785 750 720 675 785 440
  (16-22kg) SI 800 760 710

660

800 370
MUTTON ($/hd) gross NI 111.51 105.74 96.46 85.47

111.51

58.38
(21.0kg MX1) SI 112.30 107.31 104.16

83.37

112.30

57.55
BEEF (c/kg)              
P2 steer NI 547.50 522.50 510 550 567 495
  (270-295kg) SI 513.75 502.5

501.25

529

542 453
M2 Bull NI 517.50

505

472.50

535

545 460
  (296-320kg) SI 482.50 475 461.25 505 515 450
Local Trade P2 NI 550 550 540 570 590 510
  (180-280kg) SI 560 530 540 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 655.5 651 642

546

655.5

466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1385 878 751 727 1168 727
  Fine Xbrd (31.6-35.0)   354.07 387.50 370.50 394 424 302
  Coarse Xbrd (>35 mic)   317 347 330.50

274.50

399 267
 Merino   2944 2438 2239 1588 2468 1588
Lambs wool  (28-31 micron)  

399

426 453   620 425
DAIRY ($/tonne)              
  Butter   8,004 8,641

8,069

8,214 8,874 6,055
  Skim milk powder  

3,061

3,301 2,831 2,741 3,624 2,506
  Wholemilk powder   4,758 4,050 3,925 4,274 4,865 4,048
  Cheese - cheddar   5,754 6,008 5,556 5,409 6,052 4,853
               
  Fonterra milk price   2017/18 final $6.75 2018/19 forecast $7.00*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.15 - 20c
  Fonterra wet share price   $7.92

NZX FCG = $5.16

    * 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