$8 final milk price likely
An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.
Global dairy prices got a boost in the overnight Global Dairy Trade (GDT) auction.
The GDT price index rose 3.7% over the previous auction, its biggest jump since February this year.
Fonterra’s key product whole milk powder enjoyed a 3.6% lift in price to US$3254/MT.
Skim milk powder also recorded a sharp rise; up 6.7% to US$2942/MT.
Key Results
AMF index up 2.6%, average price US$5,191/MT
Butter index up 0.2%, average price US$4,117/MT
BMP index up 5.4%, average price US$2,786/MT
Ched index down 0.6%, average price US$3,609/MT
LAC index down 1.9%, average price US$768/MT
RenCas index up 5.1%, average price US$7,274/MT
SMP index up 6.7%, average price US$2,924/MT
SWP index not available, average price not available
WMP index up 3.6%, average price US$3,254/MT
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
OPINION: The distress that the politicians and bureaucrats are causing to the people of Wairoa and the wider Tairāwhiti is unforgivable.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.