$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.
Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%
The average price was US$2920/MT with 131 winning bidders over 14 rounds.
The all-important whole milk powder index was up a more modest 3.7% with an average price of US$2793/MT.
Key results were:
AMF index up 15.4%, average price US$4,769/MT
Butter index up 14.9%, average price US$3,764/MT
BMP index up 6.8%, average price US$2,070/MT
Ched index up 9.0%, average price US$3,436/MT
LAC index up 2.0%, average price US$787/MT
RenCas index up 6.7%, average price US$6,720/MT
SMP index up 10.0%, average price US$2,224/MT
WMP index up 3.7%, average price US$2,793/MT
The next auction is overnight Tuesday, September 20 with result out Wednesday, September 21.
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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