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.
The global dairy price index recorded its second straight drop overnight.
The GDT price index was down 3.4% compared to the previous auction; since early May, the GDT price index has suffered two declines after a golden run of price increases from December 2018.
The whole milk powder index was down 1.5% to US$3,138/metric tonne, despite Fonterra reporting drop in milk production both in NZ and Australia.
Key results
AMF index down 5.7%, average price US$5,752/MT
Butter index down 10.3%, average price US$4,805/MT
BMP index down 10.1%, average price US$2,807/MT
Ched index down 14.0%, average price US$3,950/MT
LAC index up 0.4%, average price US$897/MT
RenCas index up 4.2%, average price US$7,201/MT
SMP index down 4.0%, average price US$2,436/MT
SWP index not available, average price not available
WMP index down 1.5%, average price US$3,138/MT
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
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