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Farm gate newsletter for October 22nd- 2018

News and analysis

LATEST MARKET PRICES

as at October 22, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   75- 121 104   177 10
  SI   98 - 111

109

  170 20
Prime NI   144- 205 183   234 85
  SI   154 - 174 165   230 95
STEER (c/kg) 481-580 Lwt NI  

290- 302

 

297   336 258
Prime SI   270- 276 273   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 139.88 145.13 136.81 118.80 146 84.82
  SI 133.22 134.97 132.34 118.55 136.72 82.82
Local trade (c/kg) NI 815 825 785 695 835 440
  (16-22kg) SI 800 830 800 700 840 370
MUTTON ($/hd) gross NI 107.84 112.04 111.51 88.62 113.09 58.38
(21.0kg MX1) SI 106.26 108.89 110.72 87.36 112.82 57.55
BEEF (c/kg)              
P2 steer NI 548 575 548 542 580 495
  (270-295kg) SI 515 539 514 521 542 453
M2 Bull NI 480 520 518 505 545 460
  (296-320kg) SI 460 484 483 485 535 450
Local Trade P2 NI 580 600 550 580 610 510
  (180-280kg) SI 570 590 560 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 678 689 656 595 687 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   769 1290 1385 888 1557 727
  Fine Xbrd (31.6-35.0)   415 465 361 325 465 302
  Coarse Xbrd (>35 mic)   307 354 325 294 399 267
 Merino   2915 2980 2239 1588 2468 1588
Lambs wool  (28-31 micron)   449 426 453   620 425
DAIRY ($/tonne)              
  Butter   6,495 6,621 8,062 8,422 8,874 6,055
  Skim milk powder   3,209 3,329 3,084 2,765 3,624 2,506
  Wholemilk powder   4,279 4,302 4,793 4,389 4,865 4,048
  Cheese - cheddar   5,616 5,686 5,796 5,888 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 = $4.92
    * 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