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Farm gate newsletter for June 1, 2025

News and analysis

LATEST MARKET PRICES

June 2, 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 151 144 138 106 151 108
  SI 151 141 134 101 151 102
BEEF (c/kg)          
P2 Steer NI 755 720 688 565 755 590
(270-295kg) SI 723 673 643 503 723 515
               
M2 Bull NI 760 730 710 548 760 568
(296-320kg) SI 653 627 627 460 653 463
VENISON ($/hd) gross          
AP Stag 60kg NI 940 920 920 855 990 855
  SI 915 905 905 838 945 843
               
DAIRY (US$/tonne)          
  Butter GDT 7,821 7,679 7,278 6,931 7,992 6,407
  SMP GDT 2,768 2,895 2,780 2,600 2,915 2,480
  WMP GDT 4,215 4,225 3,972 3,420 4,374 3,095
  Cheddar GDT 5,007 4,923 4,862 4,239 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 $0.65-$0.75
      NZX FSF - $6.25
    * before retentions      

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