Tuesday, 10 March 2026 09:55

NZ Farmgate Beef Prices Hit Record Highs in Early 2026

Written by  Staff Reporters
Rabobank animal proteins analyst Jen Corkran. Rabobank animal proteins analyst Jen Corkran.

Farmgate beef prices remain at record levels and show no sign of easing.

By February, the North Island bull indicator had reached $9.65/kg CWT, an all-time high, and premiums on top, meaning some producers may be getting closer to $10/kg.

Rabobank animal proteins analyst Jen Corkran noted that farmgate beef pricing had held at record levels across the first two months of 2026, supported by strong offshore demand.

She says December 2025 saw the average export value for New Zealand beef reach $12.42/kg, another record, reflecting both a supportive currency at the time, and broad global demand."

ANZ agri economist Matt Dilly says beef prices continue to rise both at the farmgate and in-market.

With strong demand overseas and great pasture conditions, prices should easily hold through the end of 2025/26 and likely longer, says Dilly.

Corkran agrees that the NZ summer has so far delivered very favourable grass-growing conditions across the country.


Read More:


"This has enabled farmers to hold stock longer and add additional weight. While positive for productivity, this does contribute to localised procurement challenges at times, even as export demand holds firm," she says.

Corkran says New Zealand beef export volumes are expected to increase by 3-4% in 2026, in line with higher production.

More like this

Agri Experts Give Their Views on 2050

Despite near universal optimism in the rural sector, a panel of New Zealand’s leading food and agri minds caution that the sector must be intentional about its future path.

Featured

RSE Scheme Changes Coming - McClay

Agriculture Minister Todd McClay has admitted that a scheme bringing workers from Pacific nations to work on orchards has become too hard to navigate but says changes are coming.

Andy Macfarlane Joins AgriZeroNZ Board

Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.

National

Machinery & Products

 

 

» Latest Print Issues Online

The Hound

True Reflection?

A fair question has been raised about how member-funded organisations should conduct themselves when taking a public position on any…

Civil Circus!

OPINION: It really is getting harder to lampoon government bureaucrats when they do such a good job of it themselves.…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter