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Farm gate newsletter for January 18, 2026

News and analysis

LATEST MARKET PRICES

January 19, 2026 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 186 182 186 133 188 137
  SI 183 182 180 130 184 133
BEEF (c/kg)          
P2 Steer NI 908 883 900 663 915 678
(270-295kg) SI 896 889 888 630 905 640
               
M2 Bull NI 913 880 855 660 913 680
(296-320kg) SI 843 820 789 613 843 623
VENISON ($/hd) gross          
AP Stag 60kg NI 1050 1050 1040 920 1050 920
  SI 1045 1045 1010 905 1045 905
               
DAIRY (US$/tonne)          
  Butter GDT 5,206 5,012 6,712 6,815 7,992 5,012
  SMP GDT 2,619 2,431 2,585 2,735 2,895 2,424
  WMP GDT 3,448 3,161 3,677 3,782 4,374 3,143
  Cheddar GDT 4,665 4,646 4,858 4,728 5,519 4,328
               
  Fonterra milk price   2024/25 payout $10.16 2025/26 payout $9.00
  Fonterra dividend   2024/25 final $0.57 2025/26 estm $0.55-$0.65
      NZX FSF - $8.11

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