Farm gate newsletter for April 21st - 2019

News and analysis



LATEST MARKET PRICES

as at April 21st -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   74 - 121  105.00   177 10
  SI   112 - 120 117   170 20
Prime NI   127 - 166 150   234 85
  SI   129 - 160 146   230 95
STEER (c/kg) 481-580 Lwt NI   226 - 277 261   336 258
Prime SI    245 -251 248   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 126.31 119.75 125 128.16 146 119.48
  SI 115.94 112.66 118.78 122.69 136.72 112.66
Local trade (c/kg) NI 740 700 730 720 835 700
  (16-22kg) SI 700 700 740 710 840 700
MUTTON ($/hd) gross NI 107.84 104.16 108.36 97.86 113.09 96.11
(21.0kg MX1) SI 102.59 100.75 104.95 105.21 112.82 99.17
BEEF (c/kg)              
P2 steer NI 530 505 533 508 580 505
  (270-295kg) SI 478 474 496 498 539 471.25
M2 Bull NI 490 460 480 475 520 460
  (296-320kg) SI 448 443 468 465 488 440
Local Trade P2 NI 548 520 543 550 610 518
  (180-280kg) SI 500 500 530 540 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 539 547 598 642 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1025 921 1077 928 1557 751
  Fine Xbrd (31.6-35.0)   496 461 399 332 496 302
  Coarse Xbrd (>35 mic)   331 307 307 312 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   567 530

561

560

620 425
DAIRY ($/tonne)              
  Butter   8,228 6,865 6,336 7,656 8,228 5,703
  Skim milk powder   3,984 4,177 3,905 2,690 4.202 2,506
  Wholemilk powder   5,063 4,758 4,126 4,621 5,063 3,911
  Cheese - cheddar   6,441 5,957 5,231 5,311 6,441 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 = $4.33
    * before retentions      

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

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