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Farm gate newsletter for May 12th - 2019

News and analysis

LATEST MARKET PRICES

as at May 12th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   83 - 125  101.40   177 10
  SI   86 - 106 98.25   170 20
Prime NI   130 - 169 158   234 85
  SI   120 - 185 155   230 95
STEER (c/kg) 481-580 Lwt NI   268 - 269 268   336 258
Prime SI    234 -268 251   341 220
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 128.94 126.31 121.50 130.96 146 119.48
  SI 118.61 115.33 115.72 125.76 136.72 112.66
Local trade (c/kg) NI 740 740 720 740 835 700
  (16-22kg) SI 710 700 730 730 840 700
MUTTON ($/hd) gross NI 110.99 107.84 107.84 104.86 113.09 96.11
(21.0kg MX1) SI 105.74 102.59 103.90 107.84 112.82 99.17
BEEF (c/kg)              
P2 steer NI 530 530 523 508 580 505
  (270-295kg) SI 480 478 486 498 539 471.25
M2 Bull NI 490 490 470 475 520 460
  (296-320kg) SI 448 448 455 463 488 440
Local Trade P2 NI 548 548 533 540 610 518
  (180-280kg) SI 515 500 530 530 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 535 541 575 644 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1148 952 876 1168 1557 751
  Fine Xbrd (31.6-35.0)   528 496 327 383 496 302
  Coarse Xbrd (>35 mic)   361 322 288 332 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   582 560

561

607

620 425
DAIRY ($/tonne)              
  Butter   8,313 8,212 6,637 8.296 8,313 5,703
  Skim milk powder   3,820 3,976 3,960 3,017 4.202 2,506
  Wholemilk powder   4,923 5,054 4,400 4,813 5,063 3,911
  Cheese - cheddar   6,390 6,420 5,280 5,746 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 = $4.28
    * before retentions      

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