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Farm gate newsletter for May 4th - 2019

News and analysis

LATEST MARKET PRICES

as at May 4th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   98 - 128  107.00   177 10
  SI   109 -113 110   170 20
Prime NI   130 - 155 148   234 85
  SI   118 - 191 150   230 95
STEER (c/kg) 481-580 Lwt NI   235 - 276 258   336 258
Prime SI    238 -243 241   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 127.19 120.63 123.25 128.16 146 119.48
  SI 117.52 113.14 117.47 122.69 136.72 112.66
Local trade (c/kg) NI 740 700 730 720 835 700
  (16-22kg) SI 700 700 740 710 840 700
MUTTON ($/hd) gross NI 107.84 104.16 108.36 104.86 113.09 96.11
(21.0kg MX1) SI 103.64 100.75 104.95 107.31 112.82 99.17
BEEF (c/kg)              
P2 steer NI 530 520 533 508 580 505
  (270-295kg) SI 480 479 492 498 539 471.25
M2 Bull NI 490 475 480 475 520 460
  (296-320kg) SI 448 448 460 463 488 440
Local Trade P2 NI 548 548 543 540 610 518
  (180-280kg) SI 515 500 530 530 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 539 542 587 642 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1148 952 866 751 1557 751
  Fine Xbrd (31.6-35.0)   516 476 379 392 496 302
  Coarse Xbrd (>35 mic)   346 309 290 325 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   582 560

561

607

620 425
DAIRY ($/tonne)              
  Butter   8,344 7,850 6,383 8.084 8,228 5,703
  Skim milk powder   3,706 3,814 3,934 2,836 4.202 2,506
  Wholemilk powder   4,920 5,036 4,156 4,787 5,063 3,911
  Cheese - cheddar   6,501 6,146 5,269 5,367 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 = $4.29
    * before retentions      

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