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Farm gate newsletter for August 26, 2024

News and analysis

LATEST MARKET PRICES

August 26, 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 125 114 106 116 125 101
  SI 121 112 101 116 121 95
BEEF (c/kg)          
P2 Steer NI 673 630 565 565 673 535
(270-295kg) SI 618 563 503 516 618 495
               
M2 Bull NI 640 608 548 545 640 528
(296-320kg) SI 577 555 460 459 577 452
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 6,706 6,606 6,931 4,680 7,350 4,588
  SMP GDT 2,636 2,566 2,629 2,333 2,788 2,286
  WMP GDT 3,482 3,142 3,408 2,548 3,482 2,702
  Cheddar GDT 4,274 4,217 4,239 4,127 4,469 3,637
               
  Fonterra milk price   2023/24 payout $7.80* 2024/25 forecast $8.50*
  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