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Farm gate newsletter for August 24, 2025

News and analysis

LATEST MARKET PRICES

August 25, 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 168 165 152 123 168 126
  SI 166 162 147 118 166 124
BEEF (c/kg)          
P2 Steer NI 830 815 760 673 830 653
(270-295kg) SI 815 770 717 612 815 625
               
M2 Bull NI 783 783 743 640 783 640
(296-320kg) SI 703 660 650 577 703 577
VENISON ($/hd) gross          
AP Stag 60kg NI 1010 990 930 990 1010 920
  SI 995 970 910 905 995 900
               
DAIRY (US$/tonne)          
  Butter GDT 7,144 7,144 7,821 6,706 7,992 6,407
  SMP GDT 2,756 2,833 2,817 2,636 2,915 2,539
  WMP GDT 4,036 3,988 4,332 3,482 4,374 3,259
  Cheddar GDT 4,548 4,589 5,007 4,274 5,519 4,274
               
  Fonterra milk price   2023/24 payout $7.83* 2024/25 forecast $10.15*
  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