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Farm gate newsletter for May 3, 2026

News and analysis

LATEST MARKET PRICES

May 4, 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 175 180 188 144 188 146
  SI 175 180 184 140 184 142
BEEF (c/kg)          
P2 Steer NI 873 890 923 720 923 730
(270-295kg) SI 861 883 901 663 905 687
               
M2 Bull NI 878 898 923 730 923 738
(296-320kg) SI 809 818 830 627 843 633
VENISON ($/hd) gross          
AP Stag 60kg NI 1070 1060 1050 920 1070 920
  SI 1060 1050 1045 905 1060 905
               
DAIRY (US$/tonne)          
  Butter GDT 5,720 6,420 5,314 7,679 7,214 5,012
  SMP GDT 3,445 3,229 2,767 2,895 3,448 2,424
  WMP GDT 3,654 3,552 3,442 4,225 4,374 3,143
  Cheddar GDT 4,798 4,925 4,594 4,923 5,519 4,328
               
  Fonterra milk price   2024/25 payout $10.16 2025/26 payout $9.70
  Fonterra dividend   2024/25 final $0.57 2025/26 estm $0.50-$0.65
      NZX FSF - $6.55

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