$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 have fallen for the fourth straight auction.
The Global Dairy Trade price index dipped 3.4% over the previous auction.
Whole milk powder fell 2.7%, SMP fell 6.5%, and butter fell 5.9%.
Westpac head of NZ Strategy Imre Speizer says the results disappointed earlier futures market predictions of a small rise on WMP.
Full results
AMF index unchanged, average price US$6,887/MT
Butter index down 5.9%, average price US$5,144/MT
BMP not offered
Ched index down 4.2%, average price US$3,831/MT
LAC index not available, average price not available
RenCas index down 12.6%, average price US$4,644/MT
SMP index down 6.5%, average price US$1,701/MT
WMP index down 2.7%, average price US$2,778/MT
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.