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Farm gate newsletter for June 8, 2025

News and analysis

LATEST MARKET PRICES

June 9, 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 151 146 139 107 151 109
  SI 151 142 134 102 151 104
BEEF (c/kg)          
P2 Steer NI 755 730 700 585 755 600
(270-295kg) SI 730 687 643 513 730 522
               
M2 Bull NI 760 738 723 568 760 583
(296-320kg) SI 653 633 627 463 653 463
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 7,811 7,992 7,577 6,864 7,992 6,407
  SMP GDT 2,807 2,828 2,744 2,722 2,915 2,480
  WMP GDT 4,173 4,374 4,061 3,478 4,374 3,095
  Cheddar GDT 4,759 5,519 4,915 4,248 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 - $6.21
    * before retentions      

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