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Farm gate newsletter for April 7th - 2019

News and analysis

LATEST MARKET PRICES

as at April 7th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   87 - 120 108.10   177 10
  SI   95 - 120 107.75   170 20
Prime NI   128 - 173 150   234 85
  SI   120 - 180 160   230 95
STEER (c/kg) 481-580 Lwt NI   252- 300 274   336 258
Prime SI    248 -285 262   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 120.63 119.75 126.75 124.23 146 119.48
  SI 113.09 113.09 120.31 120.30 136.72 112.66
Local trade (c/kg) NI 700 700 780 710 835 700
  (16-22kg) SI 700 720 780 710 840 700
MUTTON ($/hd) gross NI 104.16 104.16 106.79 96.11 113.09 96.11
(21.0kg MX1) SI 100.75 100.75 103.11 103.64 112.82 99.17
BEEF (c/kg)              
P2 steer NI 520 505 517.50 523 580 505
  (270-295kg) SI 479 474 494 503 539 471.25
M2 Bull NI 475 460 470 485 520 460
  (296-320kg) SI 448 440 458 478 488 440
Local Trade P2 NI 520 528 542 570 610 518
  (180-280kg) SI 500 510 530 560 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 542 553 609 642 689 542
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   953 921 1067 1022 1557 751
  Fine Xbrd (31.6-35.0)   476 488 399 337 459 302
  Coarse Xbrd (>35 mic)   309 318 290 307 352 280
 Merino   2387 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   560 504

607

625 620 425
DAIRY ($/tonne)              
  Butter   7,850 6,697 6,188 7,358 7,360 5,703
  Skim milk powder   3,814 3,996 3,536 2,742 4.202 2,506
  Wholemilk powder   5,036 4,551 4,052 4,512 4,860 3,911
  Cheese - cheddar   6,146 5,957 5,194 5,137 6,120 4,853
               
  Fonterra milk price   2017/18 final $6.69 2018/19 forecast $6.30 -$6.60*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.15 - 25c
  Fonterra wet share price     NZX FCG = $4.34
    * before retentions      

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