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Farm gate newsletter for October 12, 2025

News and analysis

LATEST MARKET PRICES

October 13, 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 181 174 162 128 181 128
  SI 177 171 160 133 177 130
BEEF (c/kg)          
P2 Steer NI 890 860 810 663 890 653
(270-295kg) SI 883 838 757 638 883 630
               
M2 Bull NI 850 820 780 640 850 640
(296-320kg) SI 784 710 660 583 784 583
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 6,712 6,969 7,522 6,407 7,992 6,407
  SMP GDT 2,599 2,604 2,708 2,755 2,915 2,599
  WMP GDT 3,696 3,803 3,922 3,533 4,374 3,533
  Cheddar GDT 4,858 4,709 4,860 4,606 5,519 4,548
               
  Fonterra milk price   2024/25 payout $10.16* 2025/26 payout $10.00*
  Fonterra dividend   2024/25 final $0.57 2025/26 estm $0.55-$0.65
      NZX FSF - $8.05
    * before retentions      

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