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Farm gate newsletter for July 20, 2025

News and analysis

LATEST MARKET PRICES

July 21, 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 162 158 145 113 162 114
  SI 161 156 141 108 161 112
BEEF (c/kg)          
P2 Steer NI 810 780 730 625 810 630
(270-295kg) SI 763 757 670 538 763 563
               
M2 Bull NI 780 763 740 603 780 608
(296-320kg) SI 670 660 633 530 670 555
VENISON ($/hd) gross          
AP Stag 60kg NI 970 950 920 855 990 855
  SI 960 930 905 848 960 848
               
DAIRY (US$/tonne)          
  Butter GDT 7,492 7,890 7,679 6,606 7,992 6,407
  SMP GDT 2,785 2,775 2,795 2,566 2,915 2,480
  WMP GDT 3,928 4,084 4,171 3,142 4,374 3,095
  Cheddar GDT 4,589 4,992 4,923 4,217 5,519 4,217
               
  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 - $6.56
    * before retentions      

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