There was a large variance in works prices paid for lambs in the South Island last week so it continues to be difficult to put a peg in the sand on where the general market is.

Demand for R2yr cattle remains strong in most regions while farmers enter the market looking for replacements.

The prime cattle keep rolling into the works in the North Island which is keeping a lid on prices. Last week, 300kg prime steer was $4.15/kg on average

A new spray dryer facility, New Zealand Food Innovation Waikato, was officially opened at Waikato Innovation Park by the Economic Development and Science and Innovation Minister, Steven Joyce.

Fonterra' s vote on Trading Among Farmers means more safeguards are needed in the proposed legislation to protect farmer control and ownership, Labour's Primary Industries spokesperson Damien O'Connor says.

With 66% of Fonterra shareholder-suppliers backing Trading Among Farmers (TAF), Federated Farmers is calling on the cooperative to unite. This call comes off an 85% turnout among shareholders.

Fonterra shareholders have voted in favour of implementing Trading Among Farmers.

Fonterra's board is holding a special meeting this afternoon to decide whether TAF (trading among farmers) will go ahead.

Voting is now underway at Fonterra special meeting on TAF (trading among farmers).

Comparative market reporting based on the radically disparate volumes and types on offer between alternate weeks offerings of North and South Island wools is becoming increasingly difficult, says New Zealand Wool Services International Ltd's general manager, John Dawson.

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