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Farm gate newsletter for May 11, 2025

News and analysis

LATEST MARKET PRICES

May 12, 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 144 143 139 102 145 103
  SI 141 138 134 97 141 99
BEEF (c/kg)          
P2 Steer NI 720 720 688 555 730 560
(270-295kg) SI 680 663 643 498 680 498
               
M2 Bull NI 730 735 710 548 740 548
(296-320kg) SI 627 633 627 455 633 455
VENISON ($/hd) gross          
AP Stag 60kg NI 920 920 920 855 990 855
  SI 905 905 905 838 945 838
               
DAIRY (US$/tonne)          
  Butter GDT 7,992 7,602 7,222 6,593 7,992 6,407
  SMP GDT 2,828 2,876 2,835 2,551 2,915 2,450
  WMP GDT 4,374 4,062 4,169 3,350 4,374 3,095
  Cheddar GDT 5,519 5,018 5,025 4,257 5,519 3,980
               
  Fonterra milk price   2023/24 payout $7.83* 2024/25 forecast $10.00*
  Fonterra dividend   2023/24 final payout $0.55 2024/25 forecast $0.55-$0.75
      NZX FSF - $5.66
    * before retentions      

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