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Farm gate newsletter for March 15, 2026

News and analysis

LATEST MARKET PRICES

March 16, 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 182 188 183 139 188 139
  SI 182 184 182 134 184 133
BEEF (c/kg)          
P2 Steer NI 905 923 888 700 923 700
(270-295kg) SI 893 901 889 643 905 643
               
M2 Bull NI 905 923 885 723 923 723
(296-320kg) SI 821 830 820 627 843 627
VENISON ($/hd) gross          
AP Stag 60kg NI 1060 1050 1050 920 1060 920
  SI 1050 1045 1045 905 1050 905
               
DAIRY (US$/tonne)          
  Butter GDT 6,895 6,165 5,169 7,577 7,992 5,012
  SMP GDT 3,255 2,923 2,485 2,795 3,255 2,424
  WMP GDT 3,747 3,629 3,243 3,997 4,374 3,143
  Cheddar GDT 4,920 4,772 4,639 4,915 5,519 4,328
               
  Fonterra milk price   2024/25 payout $10.16 2025/26 payout $9.50
  Fonterra dividend   2024/25 final $0.57 2025/26 estm $0.55-$0.65
      NZX FSF - $8.28

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