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Farm gate newsletter for March 3rd - 2019

News and analysis

LATEST MARKET PRICES

as at March 3rd -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   66 - 110

94.80

  177 10
  SI   95 - 113

105.75

  170 20
Prime NI  

120 - 150

135   234 85
  SI   126 - 145

131

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

249 - 294

269.5   336 258
Prime SI    255 - 263 259   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 119.75 123.25 133.75

122.90

146 119.48
  SI 113.14

117.47

129.72 118.98 136.72 113.14
Local trade (c/kg) NI 700 720 790 710 835 700
  (16-22kg) SI 720 730 790 710 840 700
MUTTON ($/hd) gross NI 105.74 108.36 105.74 96.11 113.09 96.11
(21.0kg MX1) SI 101.80 104.95 104.16 101.54 112.82 99.17
BEEF (c/kg)              
P2 steer NI 507.5 532.50 517.50 545 580 507.5
  (270-295kg) SI 471.25 491.25 490 511.25 539 471.25
M2 Bull NI

460

480 470

502.5

520 460
  (296-320kg) SI

440

460 443.75

483

488 440
Local Trade P2 NI 540 543 548 570 610 532
  (180-280kg) SI 530 530 530 560 590 530
VENISON ($/hd) gross              
  AP Stag 60kg NZ 560 587 639

638

689 560
               
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)   417 432 422 321 459 302
  Coarse Xbrd (>35 mic)   303 289 298 239 352 280
 Merino   2428

2596

2239 1588 2468 1588
Lambs wool  (28-31 micron)   539 562 453 625 620 425
DAIRY ($/tonne)              
  Butter  

6,643

6,383 6,303 7,360 7,360 5,703
  Skim milk powder   3,964 3,934 3,060 2,717 3,964 2,506
  Wholemilk powder   4,514 4,156 3,971 4,505 4,860 3,911
  Cheese - cheddar   5,909 5,269 5,101 5,159 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 = $4.20
    * before retentions      

for more detailed price data, by individual saleyard or processor, see our comprehensive listings here »