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Farm gate newsletter for July 8, 2024

News and analysis

LATEST MARKET PRICES

July 8, 2024 price range  
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor schedule prices ...          
LAMB ($/hd) including 1kg woolly pelt    
17.5 kg YX  NI 112 108 101 124 129 124
  SI 108 102 96 124 125 95
BEEF (c/kg)          
P2 Steer NI 620 590 555 565 620 535
(270-295kg) SI 535 515 498 536 567 495
               
M2 Bull NI 603 568 548 555 603 528
(296-320kg) SI 527 463 455 471 527 452
VENISON ($/hd) gross          
AP Stag 60kg NI 855 855 855 885 885 855
  SI 843 843 848 878 878 838
               
DAIRY ($/tonne)          
  Butter   6,546 6,864 6,592 4,842 9,700 6,855
  SMP   2,586 2,722 2,550 2,525 4,892 3,941
  WMP   3,218 3,478 3,246 3,149 5,507 4,304
  Cheddar   3,980 4,248 4,340 4,386 8,251 6,006
               
  Fonterra milk price   2023/24 payout $7.80* 2024/25 forecast $8.00*
  Fonterra dividend   2023/24 final payout $0.50  2024/25 forecast $0.45-$0.60
      NZX FSF - $4.10
    * before retentions      

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