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Farm gate newsletter for December 2nd - 2018

News and analysis

LATEST MARKET PRICES

as at December 2nd, 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   96 - 1115

105.30

  177 10
  SI   108 - 120

114

  170 20
Prime NI   140 - 152 148   234 85
  SI   148 - 180 173   230 95
STEER (c/kg) 481-580 Lwt NI  

265 - 302

 

291.80   336 258
Prime SI    275 - 305  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 133.75 136.81 146

120.98

146 84.82
  SI 129.72

131.25

136.72 119.71 136.72 82.82
Local trade (c/kg) NI 795 805 825 700 835 440
  (16-22kg) SI 790 790 830 730 840 370
MUTTON ($/hd) gross NI 105.74 106.79 113.09 96.60 113.09 58.38
(21.0kg MX1) SI 104.16 104.95 109.67 94.50 112.82 57.55
BEEF (c/kg)              
P2 steer NI 517.5 540 580 542 580 495
  (270-295kg) SI 490 511 537.5 526 542 453
M2 Bull NI 470 475 518 522 545 460
  (296-320kg) SI 444 456 483

510

535 450
Local Trade P2 NI 547.5 570 600 580 610 510
  (180-280kg) SI 540 550 590 560 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 639 669 679 633 689 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1067 992 1245 982 1557 727
  Fine Xbrd (31.6-35.0)   405 431 454 348 465 302
  Coarse Xbrd (>35 mic)   298 338 345 312 399 267
 Merino   2428

2596

2239 1588 2468 1588
Lambs wool  (28-31 micron)       453   620 425
DAIRY ($/tonne)              
  Butter  

6,303

6,868 6,957 7,876 8,874 6,055
  Skim milk powder   3,060 3,146 3,084 2,504 3,624 2,506
  Wholemilk powder   3,971 4,259 4,475 4,101 4,865 4,048
  Cheese - cheddar   5,101 5,525 5,716 5,752 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 = $4.70
    * 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