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Farm gate newsletter for August 5, 2024

News and analysis

LATEST MARKET PRICES

August 5, 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 115 112 102 117 118 101
  SI 114 108 97 116 116 95
BEEF (c/kg)          
P2 Steer NI 645 620 555 545 645 535
(270-295kg) SI 577 535 498 519 577 495
               
M2 Bull NI 618 603 548 540 618 528
(296-320kg) SI 552 527 455 463 555 452
VENISON ($/hd) gross          
AP Stag 60kg NI 855 855 855 885 885 855
  SI 848 843 838 878 878 838
               
DAIRY (US$/tonne)          
  Butter   6,606 6,546 6,546 4,680 7,350 4,449
  SMP   2,566 2,586 2,541 2,454 4,063 2,286
  WMP   3,142 3,218 3,269 2,864 3,961 2,548
  Cheddar   4,217 3,980 3,974 3,910 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 »