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Farm gate newsletter for October 6th- 2018

News and analysis

LATEST MARKET PRICES

as at October 6, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   92 - 116 103   177 10
  SI   84 - 131

103

  170 20
Prime NI   140- 180 170   234 85
  SI   170 - 185 180   230 95
STEER (c/kg) 481-580 Lwt NI   298- 313 310   336 258
Prime SI   295- 302 299   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 143.38 146 135.06 118.80 146 84.82
  SI 133.88 136.28 131.13 117.68 136.72 82.82
Local trade (c/kg) NI 835 815 760 695 835 440
  (16-22kg) SI 840 830 760 700 840 370
MUTTON ($/hd) gross NI 110.99 113.09 107.84 87.15 113.09 58.38
(21.0kg MX1) SI 107.84 109.15 109.41 85.89 112.82 57.55
BEEF (c/kg)              
P2 steer NI 570 580 538 550 580 495
  (270-295kg) SI 533 538 509 525 542 453
M2 Bull NI 500 517.50 502.50 510 545 460
  (296-320kg) SI 474 482.50 475 487 535 450
Local Trade P2 NI 610 600 540 590 610 510
  (180-280kg) SI 590 590 570 570 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 687 675.75 654 589 687 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1210 1245 878 906 1557 727
  Fine Xbrd (31.6-35.0)   450 454 410 329 465 302
  Coarse Xbrd (>35 mic)   327 350 338 303 399 267
 Merino   2980 3025 2239 1588 2468 1588
Lambs wool  (28-31 micron)   449 426 453   620 425
DAIRY ($/tonne)              
  Butter   6,943 7,024 7,996 8,830 8,874 6,055
  Skim milk powder   3,395 3,113 3,059 2,673 3,624 2,506
  Wholemilk powder   4,397 4,518 4,754 4,468 4,865 4,048
  Cheese - cheddar   5,709 5,771 5,749 5,804 6,120 4,853
               
  Fonterra milk price   2017/18 final $6.69 2018/19 forecast $6.75*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.25 - 35c
  Fonterra wet share price   $7.92 NZX FCG = $4.79
    * 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