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Farm gate newsletter for July 22, 2024

News and analysis

LATEST MARKET PRICES

July 22, 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 113 111 102 120 118 101
  SI 110 106 96 122 116 95
BEEF (c/kg)          
P2 Steer NI 630 605 555 555 630 535
(270-295kg) SI 547 525 495 529 567 495
               
M2 Bull NI 608 588 548 545 608 528
(296-320kg) SI 538 463 455 466 538 452
VENISON ($/hd) gross          
AP Stag 60kg NI 855 855 855 885 885 855
  SI 848 843 848 878 878 838
               
DAIRY (US$/tonne)          
  Butter   6,606 7,350 6,546 4,705 7,350 4,449
  SMP   2,566 2,766 2,541 2,503 4,276 2,286
  WMP   3,142 3,394 3,269 3,100 4,158 2,548
  Cheddar   4,217 4,205 3,974 3,955 5,365 3,637
               
  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