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Farm gate newsletter for May 26th - 2019

News and analysis

LATEST MARKET PRICES

as at May 26th -2019

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store NI   100 - 122  109.80   177 10
  SI   104 - 115 107.75   170 20
Prime NI   120 - 172 158   234 85
  SI   120 - 203 161   230 95
STEER (c/kg) 481-580 Lwt NI   262 - 296 272   336 258
Prime SI    253 -255 254   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 132.88 126.31 119.75 131.23 146 119.48
  SI 123.21 116.43 113.53

125.66

136.72 112.66
Local trade (c/kg) NI 760 740 720 740 835 700
  (16-22kg) SI 730 710 700 740 840 700
MUTTON ($/hd) gross NI 112.04 107.84 105.74 105.56 113.09 96.11
(21.0kg MX1) SI 109.41 103.11 102.32 108.89 112.82 99.17
BEEF (c/kg)              
P2 steer NI 535 530 508 523 580 505
  (270-295kg) SI 483 478 471 508 539 471.25
M2 Bull NI 498 490 460 495 520 460
  (296-320kg) SI 448 448 440 465 488 440
Local Trade P2 NI 548 548 540 540 610 518
  (180-280kg) SI 515 515 520 530 590 500
VENISON ($/hd) gross              
  AP Stag 60kg NZ 535 539 566 651 689 535
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   1182 1025 939 1029 1557 751
  Fine Xbrd (31.6-35.0)   489 508 417 369 496 302
  Coarse Xbrd (>35 mic)   342 332 303 347 352 280
 Merino   2291 2596 2428 1588 2468 1588
Lambs wool  (28-31 micron)   563 582

539

588

620 425
DAIRY ($/tonne)              
  Butter   8,085 8,326 6,644 8,330 8,419 5,703
  Skim milk powder   3,860 3,697 3,964 3,029 4.202 2,506
  Wholemilk powder   4,853 4,909 4,515 4,832 5,063 3,911
  Cheese - cheddar   7,404 6,486 5,286 5,770 6,472 4,853
               
  Fonterra milk price   2017/18 final $6.69 2018/19 forecast $6.30 -$6.40*
  Fonterra dividend   2017/18 final $0.10 2018/19 forecast 0.10 - 15c
  Fonterra wet share price     NZX FCG = $4.20
    * before retentions      

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