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Farm gate newsletter for December 16th- 2018

News and analysis

LATEST MARKET PRICES

as at December 16th 2018

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   74 - 117

99

  177 10
  SI   98 - 125

104.50

  170 20
Prime NI   125 - 158 145   234 85
  SI   125 - 190

167

  230 95
STEER (c/kg) 481-580 Lwt NI  

290 - 303

 

296.50   336 258
Prime SI    250 - 278  267.33   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 130.25 138.56 146

118.07

146 84.82
  SI 125.13

132.13

135.41 117.46 136.72 82.82
Local trade (c/kg) NI 790 800 825 680 835 440
  (16-22kg) SI 780 790 830 720 840 370
MUTTON ($/hd) gross NI 106.79 106.79 113.09 94.01 113.09 58.38
(21.0kg MX1) SI 103.11 105.74 108.62 90.72 112.82 57.55
BEEF (c/kg)              
P2 steer NI 517.50 525 580 522 580 495
  (270-295kg) SI 490 501.25 538.75 515 542 453
M2 Bull NI 470 475 518 502 545 460
  (296-320kg) SI

446

451 483

497

535 450
Local Trade P2 NI 555 550 600 530 610 510
  (180-280kg) SI 530 540 590 590 600 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 620 657 687 633 689 466
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1067 955 1290 982 1557 727
  Fine Xbrd (31.6-35.0)   424 372 460 321 465 302
  Coarse Xbrd (>35 mic)   293 295 354 293 399 267
 Merino   2428

2596

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

5,703

6,843 6,531 7,103 8,874 5,703
  Skim milk powder   2,961 3,220 3,284 2,580 3,624 2,506
  Wholemilk powder   3,911 4,062 4,244 4,155 4,865 3,911
  Cheese - cheddar   5,045 5,196 5,609 5,473 6,120 4,853
               
  Fonterra milk price   2017/18 final $6.69 2018/19 forecast $6.00 -$6.30*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.25 - 35c
  Fonterra wet share price     NZX FCG = $4.61
    * 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 »