Buttery prize
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
Fonterra's chairman Henry van der Heyden says the board regrets Simon Couper's decision to stand down as Shareholders Council chairman.
New Fonterra Shareholders Council Ian Brown has signalled support for TAF (trading among farmers).
In a blow to Fonterra's trading among farmers (TAF) proposal, Simon Couper has resigned his position as Chair of the Fonterra Shareholders' Council effective immediately.
Farmers attending today's DairyNZ Farmers' Forum at Hamilton's Mystery Creek Events Centre got a sneak preview of the industry's new online people management tool.
A tidy 400 head of cattle were offered at Wellsford today, of which weaner and R1yr cattle filled the most pens. Though the buying bench was mainly local, the arrival of one buyer from Tuakau helped move proceedings along in the weaner pens
The North Island store cattle market has come off the boil in general, apart from in calf cows and heifers. Good traditional in calf cows in the paddock are around $1000-1100/hd. R3yr heifers are $1100-1200/hd. With pregnancy rates high this season, more older in calf cows have hit the market. Prices have generally been $700-800/hd. At Stortford and the Feilding in calf heifer and cow fair, prices were fairly similar.
The store cattle market the south island has been relatively quiet this week. There have been one or two private sales of weaner calves but even this market is slowing down.
While US imported beef prices have softened in recent weeks, the weaker NZ dollar has more than made up for this.
US end users of beef remain reluctant to buy too far forward and instead continue to play the spot market.
Fonterra has dropped its forecast farmgate milk price by 30c for the current season to $6.05 and is forecasting a $5.95-$6.05 payout range for the 2012/13 season.
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Animal nutrition specialist SealesWinslow is expanding its footprint with a multi-million dollar feedmill development in Wanganui.
Farmers are being urged to prepare their stock for transport ahead of the annual 'gypsy week' to help keep the Waikato's roads clear of effluent and safe for users.
Fonterra CEO Theo Spierings says Trading Among Farmers is all about protecting the cooperative and preserving 100% farmer control and ownership – not raising capital.
The Dairy Women's Network has appointed two new independent Trustees to join its board – including the first male to join the Board's ranks since the Network was established in 1998.
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