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Farm gate newsletter for February 23, 2025

News and analysis

LATEST MARKET PRICES

February 24, 2025 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 138 137 136 101 139 101
  SI 134 133 133 97 135 95
BEEF (c/kg)          
P2 Steer NI 688 678 673 550 688 555
(270-295kg) SI 643 640 643 507 643 495
               
M2 Bull NI 710 680 670 538 710 538
(296-320kg) SI 627 623 623 463 627 452
VENISON ($/hd) gross          
AP Stag 60kg NI 920 920 950 865 990 855
  SI 905 905 900 870 945 838
               
DAIRY (US$/tonne)          
  Butter GDT 7,278 6,984 7,008 6,526 7,350 6,407
  SMP GDT 2,754 2,729 2,882 2,788 2,915 2,480
  WMP GDT 4,153 3,988 3,826 3,388 4,169 2,548
  Cheddar GDT 4,862 4,846 4,834 4,143 5,025 3,974
               
  Fonterra milk price   2023/24 payout $7.83* 2024/25 forecast $10.00*
  Fonterra dividend   2023/24 final payout $0.55 2024/25 forecast $0.45-$0.60
      NZX FSF - $5.11
    * before retentions      

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