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.
Global Dairy Trade (GDT) star performer, butter enjoyed another strong jump in prices overnight.
At the latest GDT auction, butter prices rose 3.4% over the previous auction to US$6004/tonne.
Overall the GDT auction saw little price movement- the price index was up just 0.2%.
Whole milk powder prices, a major indicator of Fonterra’s milk payout to farmers was up 0.3% to US$3114/tonne. Skim milk powder was down 3.2%.
Key results
AMF index down 0.2%, average price US$6,577/MT
Butter index up 3.4%, average price US$6,004/MT
BMP not offered
Ched index up 1.6%, average price US$4,112/MT
LAC index down 1.8%, average price US$825/MT
RenCas index up 2.4%, average price US$6,358/MT
SMP index down 3.2%, average price US$2,024/MT
WMP index up 0.3%, average price US$3,114/MT
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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