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Farm gate newsletter for August 19, 2024

News and analysis

LATEST MARKET PRICES

August 19, 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 122 113 103 116 122 101
  SI 118 110 99 115 118 95
BEEF (c/kg)          
P2 Steer NI 673 630 560 555 673 535
(270-295kg) SI 608 547 498 516 608 495
               
M2 Bull NI 635 608 548 540 635 528
(296-320kg) SI 573 538 455 459 573 452
VENISON ($/hd) gross          
AP Stag 60kg NI 990 855 855 885 990 855
  SI 905 848 838 878 905 838
               
DAIRY (US$/tonne)          
  Butter GDT 6,489 6,606 6,593 4,680 7,350 4,449
  SMP GDT 2,539 2,566 2,551 2,333 3,709 2,286
  WMP GDT 3,259 3,142 3,350 2,548 3,757 2,548
  Cheddar GDT 4,275 4,217 4,257 4,127 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 - $4.20
    * before retentions      

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