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Farm gate newsletter for October 26, 2024

News and analysis

LATEST MARKET PRICES

October 28, 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 133 128 114 115 133 101
  SI 134 132 112 113 135 95
BEEF (c/kg)          
P2 Steer NI 653 668 630 585 673 535
(270-295kg) SI 638 638 563 567 642 495
               
M2 Bull NI 640 640 608 575 640 528
(296-320kg) SI 593 583 555 497 593 452
VENISON ($/hd) gross          
AP Stag 60kg NI 990 990 855 885 990 855
  SI 945 930 848 878 945 838
               
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 - $4.98
    * before retentions      

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