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Farm gate newsletter for October 20, 2024

News and analysis

LATEST MARKET PRICES

October 21, 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 128 128 113 116 128 101
  SI 134 131 110 114 131 95
BEEF (c/kg)          
P2 Steer NI 653 673 630 590 673 535
(270-295kg) SI 642 632 547 543 642 495
               
M2 Bull NI 640 640 608 580 640 528
(296-320kg) SI 583 583 538 500 583 452
VENISON ($/hd) gross          
AP Stag 60kg NI 990 990 855 885 990 855
  SI 945 905 848 878 945 838
               
DAIRY (US$/tonne)          
  Butter GDT 6,495 6,546 6,606 4,940 7,350 4,833
  SMP GDT 2,745 2,809 2,566 2,659 2,809 2,517
  WMP GDT 3,553 3,448 3,142 3,059 3,559 2,971
  Cheddar GDT 4,702 4,441 4,217 3,858 4,702 3,637
               
  Fonterra milk price   2023/24 payout $7.83* 2024/25 forecast $9.00*
  Fonterra dividend   2023/24 final payout $0.55 2024/25 forecast $0.45-$0.60
      NZX FSF - $4.97
    * before retentions      

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