Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
The new season’s first Global Dairy Trade (GDT) event saw prices dip slightly.
The GDT price index was down 1.3%.
Whole milk powder price dropped 1.1% to US$3205/MT.
Butter price dropped 3.5% to US$5581/MT.
Key Results
AMF index down 1.7%, average price US$6,222/MT
Butter index down 3.5%, average price US$5,581/MT
BMP index up 17.7%, average price US$2,314/MT
Ched index down 3.6%, average price US$3,998/MT
LAC index up 3.9%, average price US$714/MT
RenCas index up 2.7%, average price US$5,015/MT
SMP index up 0.3%, average price US$2,051/MT
SWP index not available, average price not available
WMP index down 1.1%, average price US$3,205/MT
Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.
A major move is about to get underway to improve the quality and viability of dairy beef and cattle in NZ.
Veterinarians say changes to the code of welfare for dairy cattle provides a positive foundation for improved cattle welfare across the country.
Today, 15 October, is the International Day of Rural Women, which recognises rural women’s contribution to farming, communities and the environment.
Global dairy giant Lactalis has integrated its Australian operations with the Mainland Dairy consumer business it acquired from Fonterra earlier this year.
High country stations, mixed sheep and beef farms, Māori-owned farms, corporates and family operations are among the nine commercial farms taking part in the Livestock Innovation Farming Transformation programme, known as LIFT.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.