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Farm gate newsletter for February 3rd- 2019

News and analysis

LATEST MARKET PRICES

as at Februaray 3rd -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   83 - 120

100.10

  177 10
  SI   99 - 113

106.50

  170 20
Prime NI   138 - 164 152   234 85
  SI   130 - 195

175

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

280 - 291

 

286   336 258
Prime SI    250 - 270 260   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 123.25 126.75 136.81

119.56

146 119.48
  SI 117.47

120.31

131.25 117.46 136.72 117.46
Local trade (c/kg) NI 730 780 815 680 835 440
  (16-22kg) SI 740 780 790 720 840 370
MUTTON ($/hd) gross NI 108.36 106.79 106.79 95.41 113.09 58.38
(21.0kg MX1) SI 104.95 103.11 104.95 96.81 112.82 57.55
BEEF (c/kg)              
P2 steer NI 532.50 517.50 540 522 580 495
  (270-295kg) SI 491 494 511 505 539 491
M2 Bull NI 480 470 475 490 520 470
  (296-320kg) SI

460

458 456

483

488 444
Local Trade P2 NI 542 542 570 540 610 540
  (180-280kg) SI 530 530 550 540 590 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 587 609 669

612

689 587
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1077 1067 992 918 1557 751
  Fine Xbrd (31.6-35.0)   432 399 433 324 459 302
  Coarse Xbrd (>35 mic)   289 286 338 290 352 280
 Merino   2428

2596

2239 1588 2468 1588
Lambs wool  (28-31 micron)   562 625 453 625 620 425
DAIRY ($/tonne)              
  Butter  

6,252

5,703 6,868 6,962 8,874 5,703
  Skim milk powder   3,831 2,961 3,146 2,563 3,624 2,506
  Wholemilk powder   4,084 3,911 4,259 4,191 4,865 3,911
  Cheese - cheddar   5,132 5,045 5,525 4,918 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 = $4.77
    * 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 »