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Farm gate newsletter for October 5, 2025

News and analysis

LATEST MARKET PRICES

October 6, 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 177 173 160 128 177 128
  SI 173 170 156 132 173 130
BEEF (c/kg)          
P2 Steer NI 885 860 800 668 885 653
(270-295kg) SI 870 838 757 638 870 630
               
M2 Bull NI 850 820 778 640 850 640
(296-320kg) SI 740 710 660 583 740 583
VENISON ($/hd) gross          
AP Stag 60kg NI 1030 1010 950 990 1030 920
  SI 1005 995 930 930 1005 900
               
DAIRY (US$/tonne)          
  Butter GDT 6,892 6,969 7,522 6,407 7,992 6,407
  SMP GDT 2,600 2,620 2,718 2,795 2,915 2,600
  WMP GDT 3,776 3,809 3,859 3,559 4,374 3,448
  Cheddar GDT 4,814 4,709 4,860 4,606 5,519 4,441
               
  Fonterra milk price   2023/24 payout $7.83* 2024/25 payout $10.16*
  Fonterra dividend   2023/24 final $0.55 2024/25 final $0.57
      NZX FSF - $7.98
    * before retentions      

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