$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.
Dairy prices are continuing their good run in 2019.
The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.
The first auction of 2019 on January 2 was up 2.8%.
Whole milk powder price was up 3% overnight to US$2,777/MT.
Key results
AMF index up 3.2%, average price US$5,294/MT
Butter index up 4.6%, average price US$4,262/MT
BMP not offered
Ched index up 4.2%, average price US$3,504/MT
LAC index up 7.9%, average price US$1,032/MT
RenCas index down 1.4%, average price US$5,047/MT
SMP index up 10.3%, average price US$2,405/MT
SWP index not available, average price not available
WMP index up 3.0%, average price US$2,777/MT
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
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Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
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