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Farm gate newsletter for March 24th - 2019

News and analysis

LATEST MARKET PRICES

as at March 24th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   50 - 120 113   177 10
  SI   70 - 120 110   170 20
Prime NI   120 - 155 141   234 85
  SI   118 - 154 140   230 95
STEER (c/kg) 481-580 Lwt NI   262 - 298 269   336 258
Prime SI    260 - 270 266   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 119.75 119.75 128.50 124.23 146 119.48
  SI 112.66 113.53 122.94 120.70 136.72 112.66
Local trade (c/kg) NI 700 710 780 710 835 700
  (16-22kg) SI 700 720 780 710 840 700
MUTTON ($/hd) gross NI 104.16 105.74 106.79 99.26 113.09 96.11
(21.0kg MX1) SI 100.75 103.11 103.11 103.11 112.82 99.17
BEEF (c/kg)              
P2 steer NI 505 508 517.50 523 580 505
  (270-295kg) SI 474 472 494 508 539 471.25
M2 Bull NI 460 460 470 495 520 460
  (296-320kg) SI 443 440 455 480 488 440
Local Trade P2 NI 520 540 555 570 610 518
  (180-280kg) SI 500 520 530 560 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 547 566 609 642 689 558
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   921 939 1067 1038 1557 751
  Fine Xbrd (31.6-35.0)   467 372 411 324 459 302
  Coarse Xbrd (>35 mic)   318 288 293 295 352 280
 Merino   2428 2596 2239 1588 2468 1588
Lambs wool  (28-31 micron)   530 541 624 625 620 425
DAIRY ($/tonne)              
  Butter   6,865 6,644 5,703 7,309 7,360 5,703
  Skim milk powder   4,177 3,964 2,961 2,611 4.202 2,506
  Wholemilk powder   4,758 4,515 3,911 4,464 4,860 3,911
  Cheese - cheddar   5,957 5,286 5,045 4,994 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 = $4.23
    * before retentions      

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