Returns lift, costs down - DairyNZ
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
The Global Dairy Trade average price index slid again last night, the third consecutive drop this year.
Last night’s auction saw an average price decline of 3.6% to US$2,620, down from US$2,746 at the previous auction two weeks ago.
Skim milk powder saw the greatest drop, down 7.8% to US$2,253 a tonne, while butter fell 6.6% to US$3,026 a tonne, and whole milk powder slid 4.3% to US$2,446 a tonne.
Rennet casein also saw a small decrease of 0.6% to US$6,949 a tonne.
However, gains were made in buttermilk powder, which rose 2.1% to US$2,208 a tonne, while anhydrous milk fat was up 2.3% to US$3,744 a tonne, and cheddar increased 2.7% to US$2,888 a tonne.
Last night’s result was the lowest level since the last auction of 2014. Some 25,596 tonnes of product was sold, up from the 23,162 sold at April 1 auction two weeks ago.
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.
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