Displaying items by tag: Doug Steel

The red meat sector finds itself in "a very rare set of circumstances", says Federated Farmers meat and wool industry chair Richard Dawkins.

A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.

The chance of a $10-plus milk price for this season appears to be depleting.

A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.

Following several years of pain, farmers and growers are facing a decent upswing in commodity prices, say economists.

A record farmgate milk price for Fonterra shareholders is all but confirmed for this season.

Despite last week’s drop in global dairy prices, consensus is emerging among economists that the season’s milk price will end up near $9/kgMS.

In BNZ's Rural Wrap report, senior economist Doug Steel looks at milk price forecast and outcomes.

Farmgate dairy and beef prices are improving but lamb prices remain weak, according to the latest BNZ Rural Wrap.

Global dairy prices are clawing back lost ground and farmers may need to thank the weather gods for this.