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Farm gate newsletter for May 18, 2025

News and analysis

LATEST MARKET PRICES

May 19, 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 148 145 139 103 148 106
  SI 146 141 134 98 146 101
BEEF (c/kg)          
P2 Steer NI 740 730 688 560 740 565
(270-295kg) SI 710 670 643 498 710 503
               
M2 Bull NI 745 740 710 548 745 548
(296-320kg) SI 650 633 627 455 650 460
VENISON ($/hd) gross          
AP Stag 60kg NI 930 920 920 855 990 855
  SI 910 905 905 838 945 838
               
DAIRY (US$/tonne)          
  Butter GDT 7,992 7,679 7,222 6,593 7,992 6,407
  SMP GDT 2,806 2,795 2,835 2,480 2,915 2,480
  WMP GDT 4,354 4,171 4,117 3,351 4,374 3,095
  Cheddar GDT 5,519 4,923 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 - $6.35
    * before retentions      

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