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Farm gate newsletter for June 21, 2026

News and analysis

LATEST MARKET PRICES

June 22, 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 191 181 182 157 191 158
  SI 191 182 181 156 191 156
BEEF (c/kg)          
P2 Steer NI 935 885 895 780 935 780
(270-295kg) SI 905 880 888 750 905 757
               
M2 Bull NI 943 890 900 763 943 763
(296-320kg) SI 859 830 819 660 859 660
VENISON ($/hd) gross          
AP Stag 60kg NI 1100 1090 1060 950 1100 950
  SI 1095 1085 1050 930 1095 930
               
DAIRY (US$/tonne)          
  Butter GDT 5,516 5,674 6,868 7,890 6,895 5,012
  SMP GDT 3,368 3,552 3,409 2,775 3,552 2,424
  WMP GDT 3,589 3,772 3,709 4,084 4,127 3,143
  Cheddar GDT 4,471 4,560 4,925 4,992 4,992 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 - $7.20

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