Strong Milk Price Boosts PGG Wrightson Earnings
Strong farmgate milk price is helping boost investment on farms, says PGG Wrightson chief executive Stephen Guerin.
Prices have been up at weaner fairs around the country, reflecting the buoyancy of the beef market and the need for many hill country farmers to reduce stock numbers ahead of winter, comments PGG Wrightson.
Traditionally weaner calves were included in general stock sales but farmer demand – as growers and buyers – led to the development of fairs which cater exclusively for weaner calves.
PGG Wrightson Livestock manager Maurice Stewart says at least 12,000 weaners will have been sold at the four weaner fairs the company held at Feilding in the first five months of this year.
“The fair on April 22 and 23 saw increased numbers and prices which were, on average, 20-30 cents more per kg than 2014 and 10-20 cents/kg up on prices achieved at earlier weaner fairs.
“The Feilding weaner fair is one of the larger sales in New Zealand with stock coming from the lower North Island. Increased numbers this year reflect that many farmers, who would normally carry weaners through to spring but whose pastures were hard hit by the drought, have taken advantage of the record prices and destocked. There was strong buyer demand from farmers in the lower North Island who have grass or supplements to generate weight gain over winter.
“2000 head came forward at the April 22-23 sale, representing a good split of traditional (Angus/Angus x) and exotic (Charolais and Simmental) calves.
“The average for weaner steers was $3.57/kg, 30 cents higher than last year; this translates to $100-$200 more per calf over prices achieved at the same time last year. Some pens of heavy steers achieved more than $1000 per head.
New Zealand farming is riding a high, with strong prices, full feed covers and improving confidence lining up at the same time.
Manawatu Mayor Michael Ford says the district sees itself as the agribusiness capital of the lower North Island.
Beef + Lamb New Zealand (B+LNZ) is looking forward to connecting with farmers, rural professionals and community members at this year's Central District Field Days.
Labour Party Leader Chris Hipkins has announced a reshuffle of the party's caucus portfolios.
Agriculture Minister Todd McClay says a series of rural resilienced set to be rolled out next week will help farmers and growers better prepared for adverse weather events.
Stefan and Rachel Grobecker were named Share Farmers of the Year at last night's 2026 Bay of Plenty Dairy Industry Awards dinner.
OPINION: Expect the Indian free trade deal to feature strongly in the election campaign.
OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.