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Farm gate newsletter for June 22, 2025

News and analysis

LATEST MARKET PRICES

June 23, 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 158 152 139 109 158 112
  SI 156 147 133 104 156 106
BEEF (c/kg)          
P2 Steer NI 780 760 700 600 780 620
(270-295kg) SI 757 717 643 522 757 528
               
M2 Bull NI 763 743 723 583 763 603
(296-320kg) SI 660 650 627 463 660 467
VENISON ($/hd) gross          
AP Stag 60kg NI 950 930 920 855 990 855
  SI 930 910 905 843 945 843
               
DAIRY (US$/tonne)          
  Butter GDT 7,890 7,821 7,667 7,350 7,992 6,407
  SMP GDT 2,775 2,817 2,729 2,766 2,915 2,480
  WMP GDT 4,084 4,332 4,052 3,394 4,374 3,095
  Cheddar GDT 4,992 5,007 4,976 4,205 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 - $6.40
    * before retentions      

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