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Farm gate newsletter for May the 20th

News and analysis

LATEST MARKET PRICES

as at Wednesday, May 20th, 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   67 - 75     118 57
  SI   59 - 66     109 48
Prime NI   91 - 103     143 83
  SI   94 - 102     138 91
STEER (c/kg) 481-580 Lwt NI   272 - 278     327 235
Prime SI   268 - 270     298 226
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 87.44 86.28 87.73 100.86 111.36 86.28
  SI 83.36 83.36 85.11 95.65 107.03 82.78
Local trade (c/kg) NI 525 535 515 600 700 515
  (16-22kg) SI 510 540 520 575 670 510
MUTTON ($/hd) gross NI 61.95 61.95 63.84 73.92 79.38 60.90
(21.0kg MX1) SI 54.19 54.19 55.87 66.70 71.32 53.14
BEEF (c/kg)              
P2 steer NI 500 510 475 442 570 442
  (270-295kg) SI 483 480 460 402 527 402
M2 Bull NI 472 482 462 405 562 405
  (296-320kg) SI 455 452 446 370 507 370
Local Trade P2 NI 540 540 487 465 595 465
  (180-280kg) SI 510 510 480 420 540 420
VENISON ($/hd) gross              
  AP Stag 60kg NZ 376 376 378 370 464 370
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   796 796 796 730 800 691
  Fine Xbrd (31.6-35.0)   619 560 556 542 619 488
  Coarse Xbrd (>35 mic)   543 493 495 514 568 472
Lamb   678 643 650 538 685 493
               
DAIRY ($/tonne)              
  Butter   4,428 4,374 5,100 4,547 5,393 3,524
  Skimmilk powder   3,054 3,166 3,577 4,763 4,763 3,011
  Wholemilk powder   3,122 3,508 4,239 4,850 4,870 3,071
  Cheese - cheddar   4,751 4,570 4,901 5,328 5,462 4,568
               
  Fonterra milk price   2013/14 final $8.40* 2014/15 forecast $4.50*
  Fonterra dividend   2013/14 final $0.10 2014/15 forecast $0.20 - 0.30
  Fonterra wet share price   $7.92 NZX FCG = $4.88
    * before retentions      
Farms for sale   2,329 2,449 2,600 2,786    
Farm prices per hectare - (REINZ)   $28,668 $27,957 $27,997 $24,574    

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