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Farm gate newsletter for August 17, 2025

News and analysis

LATEST MARKET PRICES

August 18, 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 168 162 148 117 168 125
  SI 166 161 146 115 166 121
BEEF (c/kg)          
P2 Steer NI 830 810 740 650 830 653
(270-295kg) SI 815 763 710 598 815 618
               
M2 Bull NI 783 780 743 618 783 640
(296-320kg) SI 677 660 650 567 677 577
VENISON ($/hd) gross          
AP Stag 60kg NI 1010 970 930 990 1010 920
  SI 995 960 910 905 995 900
               
DAIRY (US$/tonne)          
  Butter GDT 7,214 7,492 7,992 6,489 7,992 6,407
  SMP GDT 2,805 2,785 2,806 2,550 2,915 2,480
  WMP GDT 4,012 3,928 4,354 3,292 4,374 3,100
  Cheddar GDT 4,575 4,589 5,519 4,275 5,519 4,274
               
  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 - $6.96
    * before retentions      

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