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Farm gate newsletter for November 4th - 2018

News and analysis

LATEST MARKET PRICES

as at November 4th, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   94- 114 102   177 10
  SI   120 - 139

130

  170 20
Prime NI   125- 163 156   234 85
  SI   144 - 177 163   230 95
STEER (c/kg) 481-580 Lwt NI  

285

 

285   336 258
Prime SI    270- 295  282   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 131.81 143.38 140.31 118.94 146 84.82
  SI 131.25 133.88 135.41 119.21 136.72 82.82
Local trade (c/kg) NI 805 830 795 695 835 440
  (16-22kg) SI 790 820 810 700 840 370
MUTTON ($/hd) gross NI 106.79 110.99 113.09 97.44 113.09 58.38
(21.0kg MX1) SI 104.95 107.84 112.82 94.92 112.82 57.55
BEEF (c/kg)              
P2 steer NI 540 570 550 542 580 495
  (270-295kg) SI 511 533 526 524 542 453
M2 Bull NI 475 500 518 505 545 460
  (296-320kg) SI 456 474 483 490 535 450
Local Trade P2 NI 570 600 560 580 610 510
  (180-280kg) SI 550 589 570 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 669 687 667 601 689 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   717 1210 1557 791 1557 727
  Fine Xbrd (31.6-35.0)   433 450 374 336 465 302
  Coarse Xbrd (>35 mic)   338 327 317 294 399 267
 Merino   2700 2980 2239 1588 2468 1588
Lambs wool  (28-31 micron)       453   620 425
DAIRY ($/tonne)              
  Butter   6,717 6,943 7,024 8,259 8,874 6,055
  Skim milk powder   3,077 3,395 3,113 2,591 3,624 2,506
  Wholemilk powder   4,165 4,397 4,518 4,156 4,865 4,048
  Cheese - cheddar   5,404 5,709 5,156 5,938 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     NZX FCG = $4.88
    * 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