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Farm gate newsletter for February 24th- 2019

News and analysis

LATEST MARKET PRICES

as at February 24th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   83 - 95

8

  177 10
  SI   83 - 101

89

  170 20
Prime NI  

91 - 139

133   234 85
  SI   129 - 145

138

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

275 - 298

279   336 258
Prime SI    230 - 270 254   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 119.75 123.25 138.56

120.30

146 119.48
  SI 113.58

117.91

131.69 117.01 136.72 113.58
Local trade (c/kg) NI 710 730 795 700 835 700
  (16-22kg) SI 720 740 790 710 840 700
MUTTON ($/hd) gross NI 105.74 108.36 106.79 96.11 113.09 96.11
(21.0kg MX1) SI 102.32 104.95 105.74 101.54 112.82 99.17
BEEF (c/kg)              
P2 steer NI 507.5 532.50 525 545 580 507.5
  (270-295kg) SI 471.25 493.75 497.5 506 539 471.25
M2 Bull NI 460 480 475

502.50

520 460
  (296-320kg) SI

440

462.5 448.75

478

488 440
Local Trade P2 NI 532 542 548 540 610 532
  (180-280kg) SI 530 530 540 550 590 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 566 592 651

632

689 566
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   939 1077 1067 985 1557 751
  Fine Xbrd (31.6-35.0)   372 416 405 316 459 302
  Coarse Xbrd (>35 mic)   295 304 297 296 352 280
 Merino   2428

2596

2239 1588 2468 1588
Lambs wool  (28-31 micron)   540 562 453 625 620 425
DAIRY ($/tonne)              
  Butter  

6,644

6,360 6,349 7,294 7,294 5,703
  Skim milk powder   3,964 3,920 3,083 2,717 3,964 2,506
  Wholemilk powder   4,400 4,052 4,062 4,394 4,860 3,911
  Cheese - cheddar   5,280 5,194 5,196 5341 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 = $4.59
    * 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 »