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Farm gate newsletter for June 29, 2026

News and analysis

LATEST MARKET PRICES

June 29, 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 195 184 182 158 195 160
  SI 194 185 181 156 194 156
BEEF (c/kg)          
P2 Steer NI 933 910 895 780 933 800
(270-295kg) SI 911 883 888 757 911 757
               
M2 Bull NI 938 910 900 763 938 778
(296-320kg) SI 859 830 819 660 859 660
VENISON ($/hd) gross          
AP Stag 60kg NI 1100 1100 1060 950 1100 950
  SI 1095 1095 1050 930 1095 930
               
DAIRY (US$/tonne)          
  Butter GDT 5,516 5,780 6,685 7,890 6,895 5,012
  SMP GDT 3,215 3,371 3,293 2,704 3,552 2,424
  WMP GDT 3,521 3,721 3,607 4,006 4,084 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 - $7.11

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