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Farm gate newsletter for July 20, 2026

News and analysis

LATEST MARKET PRICES

July 20, 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 198 193 175 162 198 165
  SI 197 192 175 160 197 162
BEEF (c/kg)          
P2 Steer NI 950 933 873 810 950 815
(270-295kg) SI 924 911 861 757 924 770
               
M2 Bull NI 948 925 878 780 948 783
(296-320kg) SI 864 856 809 660 864 660
VENISON ($/hd) gross          
AP Stag 60kg NI 1110 1100 1060 950 1110 990
  SI 1105 1095 1050 930 1105 970
               
DAIRY (US$/tonne)          
  Butter GDT 5,315 5,516 5,950 7,492 6,895 5,012
  SMP GDT 3,122 3,368 3,318 2,785 3,552 2,424
  WMP GDT 3,436 3,589 3,621 3,928 4,036 3,143
  Cheddar GDT 3,900 4,471 4,766 4,589 4,925 3,900
               
  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