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Farm gate newsletter for August 12, 2024

News and analysis

LATEST MARKET PRICES

August 12, 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 117 113 103 116 118 101
  SI 115 108 98 115 115 95
BEEF (c/kg)          
P2 Steer NI 650 625 560 550 650 535
(270-295kg) SI 598 538 498 516 598 495
               
M2 Bull NI 618 603 548 540 618 528
(296-320kg) SI 567 530 455 459 567 452
VENISON ($/hd) gross          
AP Stag 60kg NI 990 855 855 885 990 855
  SI 905 848 838 878 905 838
               
DAIRY (US$/tonne)          
  Butter   6,606 6,546 6,593 4,680 7,350 4,449
  SMP   2,566 2,586 2,551 2,454 4,063 2,286
  WMP   3,142 3,218 3,350 2,864 3,961 2,548
  Cheddar   4,217 3,980 4,257 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 ยป