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Farm gate newsletter for March 17th - 2019

News and analysis

LATEST MARKET PRICES

as at March 17th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   65 - 106 91.80   177 10
  SI   95 - 98 97   170 20
Prime NI   116 - 151 140   234 85
  SI   126 - 135 133   230 95
STEER (c/kg) 481-580 Lwt NI   258 - 282 273   336 258
Prime SI    252 - 269 261   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 119.75 119.75 130.25 121.16 146 119.48
  SI 113.14 114.45 125.13 124.23 136.72 113.09
Local trade (c/kg) NI 700 710 790 720 835 700
  (16-22kg) SI 700 720 780 710 840 700
MUTTON ($/hd) gross NI 104.16 106.79 106.79 97.86 113.09 96.11
(21.0kg MX1) SI 100.75 103.37 103.11 104.69 112.82 99.17
BEEF (c/kg)              
P2 steer NI 505 513 517.50 533 580 505
  (270-295kg) SI 474 476 490 513 539 471.25
M2 Bull NI 460 448 470 505 520 460
  (296-320kg) SI 440 455 445 485 488 440
Local Trade P2 NI 518 535 555 560 610 518
  (180-280kg) SI 500 530 530 550 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 553 571 615 642 689 558
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   921 876 1067 1038 1557 751
  Fine Xbrd (31.6-35.0)   488 327 424 323 459 302
  Coarse Xbrd (>35 mic)   318 288 293 295 352 280
 Merino   2428 2596 2239 1588 2468 1588
Lambs wool  (28-31 micron)   504 541 624 625 620 425
DAIRY ($/tonne)              
  Butter   6,606 6,637 5,703 7,528 7,360 5,703
  Skim milk powder   4,202 3,960 2,961 2,645 4.202 2,506
  Wholemilk powder   4,787 4,400 3,911 4,544 4,860 3,911
  Cheese - cheddar   5,992 5,280 5,045 5,22 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 = $4.29
    * before retentions      

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