$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.
New Zealand dairy farmers woke up to some very good news. The overnight Global Dairy Trade (GDT) auction recorded a massive jump in prices.
The GDT price index jumped 15% compared to the previous auction, its eighth consecutive price rise.
Whole milk powder prices, used by Fonterra to set its milk payout, rose a whopping 21% to US$4364/MT, a seven-year high.
AMF index up 7.4%, average price US$5,929/MT
Butter index up 13.7%, average price US$5,826/MT
BMP index down 0.3%, average price US$3,144/MT
Ched index up 1.3%, average price US$4,280/MT
LAC index up 4.9%, average price US$1,278/MT
SMP index up 3.5%, average price US$3,302/MT
SWP not offered
WMP index up 21.0%, average price US$4,364/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.
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Dairy
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