This old mutt was flabbergasted at the reaction by some mainstream (lamestream) media to the news that Todd Muller would…
The 0.4% drop in dairy price index overnight in the GlobalDairyTrade auction was likely Brexit's impact on dairy prices, says ASB rural economist, Nathan Penny.
It is easy to talk ourselves into doom and gloom nowadays, given a push by ill-informed media reporting and commentary on the agricultural sector.
Onfarm cash income of farmers from all milk production this season will be under $4/kgMS, according to DairyNZ.
Golbal milk price recovery could be "slow and painful", with doubts now cast over when the turnaround may come in the next season.
Dairy farmers are being urged to make their businesses resilient around a $5/kgMS payout for the next few years.
Opportunistic buyers taking advantage of low prices were probably behind last week's 3.6% overall rise in the GlobalDairyTrade (GDT), says Rabobank research analyst Emma Higgins.