$10/kgMS milk price tipped for strong 2025/26 season start
The 2025-26 season is set to start on a high and a $10/kgMS opening forecast milk price isn't being ruled out.
Lamb prices look set to bottom out just below $7/kg as the end of the season nears, according to ASB senior rural economist Nathan Penny.
Prices have fallen more than they normally do at this time of year but, given the record highs reached in the spring, prices are bottoming out at a healthy level, Penny notes in ASB Commodities Weekly report.
Looking ahead, ASB expects prices to peak in spring 2019 in the high $7/kg range.
“The underlying tight supply conditions that boosted last year’s prices look set to continue though weather and therefore feed availability remain swing factors as they normally are,” he says.
“If last year’s peak prices took out the gold medal, it follows that this spring may be in line for silver.”
Demand remains strong in the US and firm in China, but traditional markets like the UK and EU continue to lose importance.
“We will be keeping an eye on how Chinese demand holds up amid hints of a slowdown, with Beijing recently dropping its GDP growth target to 30-year low. But all up, we expect a second-successive season of healthy lamb returns.”
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
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