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Farm gate newsletter for July 29, 2024

News and analysis

LATEST MARKET PRICES

July 29, 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 114 112 102 119 118 101
  SI 112 106 97 117 116 95
BEEF (c/kg)          
P2 Steer NI 630 620 555 545 630 535
(270-295kg) SI 563 528 495 526 567 495
               
M2 Bull NI 608 603 548 540 608 528
(296-320kg) SI 555 467 452 463 555 452
VENISON ($/hd) gross          
AP Stag 60kg NI 855 855 855 885 885 855
  SI 848 843 843 878 878 838
               
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 4,125 2,548
  Cheddar   4,217 4,205 3,974 3,955 5,147 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