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Farm gate newsletter for August 31, 2025

News and analysis

LATEST MARKET PRICES

September 1, 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 171 165 154 125 171 127
  SI 170 163 151 121 170 127
BEEF (c/kg)          
P2 Steer NI 835 815 770 673 835 653
(270-295kg) SI 820 780 723 618 820 625
               
M2 Bull NI 820 783 753 640 820 640
(296-320kg) SI 710 663 653 577 710 577
VENISON ($/hd) gross          
AP Stag 60kg NI 1010 990 940 990 1010 920
  SI 995 995 915 905 995 900
               
DAIRY (US$/tonne)          
  Butter GDT 7,144 7,144 7,821 6,706 7,992 6,407
  SMP GDT 2,702 2,803 2,768 2,670 2,915 2,550
  WMP GDT 3,992 4,027 4,215 3,569 4,374 3,292
  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 - $7.44
    * before retentions      

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