New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
A three-year-old Waikato Jersey is claiming to be New Zealand's highest priced dairy cow, toppling a record that stood for 50 years.
Two weeks ago, retiring Tauwhare-based breeders Dick and Faye Post offered their herd of 265 cows and 85 in-calf heifers in a dispersal sale conducted via online platform bidr®. One of the cows sold for $55,000, purchased by an Otago farmer.
PGG Wrightson national dairy genetics co-ordinator Andrew Reyland offered the herd, which the Posts established in 1960. He said it was one of the most productive in the country.
"This herd consistently averaged more than 400 kgMS per annum of milk solids, equating to more than 1,900 kgMS/ha.
"Much of this performance has gone under the radar for many years. These are good solid cows with a proven shifting ability from surplus females sold over the years," says Reyland.
"Dick and Faye have always been deeply committed, using nominated sires to breed big-capacity Jerseys with functional udders as well as good structure and fertility," he said.
As well as the $55,000 cow, the Otago purchaser also bought the record-breaker's dam for $23,100. Meanwhile, a half-sister, from the same dam, fetched $23,400. Reyland said they share special characteristics.
"This line had slightly different genetics, which made them more interesting to buyers.
"Sired by an A2 bull who transmits high components, the record breaker has excellent production indexes on her maternal line and recorded an udder score of 8-8," he says.
In total the Post's in-calf heifers avereaged $3,347 while the cows averaged $3,240 and 131 unique buyers tuned in to bidr over the sale's three day duration. Farmers purchased the cows ranged from Kaitaia to Invercargill.
Reyland says Dick and Faye Post's was one of several successful recent dairy clearing or dispersal sales around the country.
"An excellent payout has put the dairy scene in good heart, rewarding vendors well, and establishing stern competition for sought after genetics," he says.
Prior to the new record New Zealand's long established highest price dairy cow was a Holstein Friesian.
Today marks the first day of operations for Waikato Waters, a new council-controlled organisation established by six district councils to deliver water and wastewater services for their communities.
The Ministry for Primary Industries (MPI) has announced has opened applications for the 2026/27 funding round of the Greenhouse Gas Inventory Research (GHGIR) fund.
New Zealand’s vegetable sector will take centre stage at Parliament today, celebrating a vital industry and sharing a clear, future focused vision for how it can continue to thrive.
New Zealand red meat exports reached a second consecutive monthly record in May, rising to $1.6 billion, according to the Meat Industry Association.
Patoa Farms Limited, New Zealand's largest pig farm, has been sold for an undisclosed price.
Potatoes New Zealand says it congratulates Amber Davy of Eurogrow on her recent win at the 2026 Canterbury Young Grower of the Year competition.
OPINION: No one messes around with Winston Peters, more so in a general election year.
OPINION: Staying on Federated Farmers, this week's annual general meeting in Auckland is shaping up to be an interesting one.