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Farm gate newsletter for October 15th- 2018

News and analysis

LATEST MARKET PRICES

as at October 15, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   98 - 115 106.50   177 10
  SI   95 - 116

104.25

  170 20
Prime NI   145- 184 174   234 85
  SI   160 - 181 173   230 95
STEER (c/kg) 481-580 Lwt NI   285- 307 304   336 258
Prime SI   270- 315 295   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 141.63 146 135.94 118.80 146 84.82
  SI 133.22 135.41 131.91 118.55 136.72 82.82
Local trade (c/kg) NI 830 825 765 695 835 440
  (16-22kg) SI 820 830 770 700 840 370
MUTTON ($/hd) gross NI 108.89 113.09 108.36 87.15 113.09 58.38
(21.0kg MX1) SI 106.52 108.62 109.41 86.31 112.82 57.55
BEEF (c/kg)              
P2 steer NI 558 580 543 545 580 495
  (270-295kg) SI 523 539 511 522 542 453
M2 Bull NI 485 517.50 512.50 510 545 460
  (296-320kg) SI 461 482.50 480 487 535 450
Local Trade P2 NI 600 600 540 580 610 510
  (180-280kg) SI 580 590 540 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 681 687 656 592 687 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   769 1290 878 888 1557 727
  Fine Xbrd (31.6-35.0)   425 460 386 325 465 302
  Coarse Xbrd (>35 mic)   308 354 327 300 399 267
 Merino   2915 2980 2239 1588 2468 1588
Lambs wool  (28-31 micron)   449 426 453   620 425
DAIRY ($/tonne)              
  Butter   6,509 6,531 8,001 8,270 8,874 6,055
  Skim milk powder   3,216 3,284 3,061 2,715 3,624 2,506
  Wholemilk powder   4,289 4,244 4,755 4,310 4,865 4,048
  Cheese - cheddar   5,590 5,609 5,754 5,782 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 = $4.55
    * 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