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Farm gate newsletter for November 11th - 2018

News and analysis

LATEST MARKET PRICES

as at November 11th, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   99- 109 107   177 10
  SI   99 - 108

104

  170 20
Prime NI   129 - 153 148   234 85
  SI   130 - 160 153   230 95
STEER (c/kg) 481-580 Lwt NI  

285

 

285   336 258
Prime SI    285 - 300  290   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 139.44 141.63 140.31 118.94 146 84.82
  SI 132.56 133.88 135.41 119.21 136.72 82.82
Local trade (c/kg) NI 810 830 795 695 835 440
  (16-22kg) SI 790 820 810 700 840 370
MUTTON ($/hd) gross NI 106.79 108.89 113.09 100.80 113.09 58.38
(21.0kg MX1) SI 105.74 106.52 112.56 97.02 112.82 57.55
BEEF (c/kg)              
P2 steer NI 535 558 550 547 580 495
  (270-295kg) SI 509 523 526 524 542 453
M2 Bull NI 475 485 518 515 545 460
  (296-320kg) SI 456 461 483

497

535 450
Local Trade P2 NI 563 600 570 580 610 510
  (180-280kg) SI 550 580 580 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 663 681 671 604 689 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   717 769 1220 791 1557 727
  Fine Xbrd (31.6-35.0)   393 425 384 348 465 302
  Coarse Xbrd (>35 mic)   315 308 319 314 399 267
 Merino   2700 2980 2239 1588 2468 1588
Lambs wool  (28-31 micron)       453   620 425
DAIRY ($/tonne)              
  Butter   6,921 6,943 7,725 8,259 8,874 6,055
  Skim milk powder   3,257 3,395 3,219 2,591 3,624 2,506
  Wholemilk powder   4,108 4,397 4,582 4,156 4,865 4,048
  Cheese - cheddar   5,255 5,709 5,756 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 = $4.84
    * 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