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Farm gate newsletter for July 27, 2025

News and analysis

LATEST MARKET PRICES

July 28, 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 165 158 144 113 165 115
  SI 162 156 140 110 162 114
BEEF (c/kg)          
P2 Steer NI 815 780 720 630 815 645
(270-295kg) SI 770 757 663 547 770 593
               
M2 Bull NI 783 763 730 608 783 618
(296-320kg) SI 660 660 627 538 660 567
VENISON ($/hd) gross          
AP Stag 60kg NI 990 950 920 855 990 855
  SI 970 930 905 848 970 848
               
DAIRY (US$/tonne)          
  Butter GDT 7,492 7,890 7,679 6,606 7,992 6,407
  SMP GDT 2,833 2,704 2,880 2,495 2,915 2,480
  WMP GDT 3,988 4,006 4,166 3,095 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 - $6.65
    * before retentions      

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