The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / The Country

Profitable new dairy season expected: Rabobank

Otago Daily Times
10 Jun, 2018 10:00 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

It looks to be another profitable year for dairy.

It looks to be another profitable year for dairy.

Opening forecasts from milk processors for the new dairy season are pointing towards another profitable season, Rabobank says.

The positive pricing signals from processors reflected the improved commodity markets over the beginning of the year and that markets would remain largely balanced over the coming season months, the bank's latest Agribusiness Monthly said.

Although the final tallies were yet to be counted, the recovery in milk production over the last few months suggested production for the 2017-18 season was likely to end up flat on last season.

Total milk collections for the 2017-18 year would likely end at around 21.4 million tonnes of milk, the third-highest of New Zealand milk production level.

Stronger milk flows for the second half of the season were supported by improved weather conditions, underpinning a solid finish to the season.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Under the phased eradication plan for cattle disease Mycoplasma bovis, 126,000 cattle were tagged to be culled, in addition to 23,000 already culled.

While that was not enough to significantly affect national milk production forecasts, further testing of the national herd for the bacterium would take place over the coming spring period.

A significant rise in infected properties, and therefore herds to be culled, would warrant production forecast revisions, the report said.

Advertisement
Advertise with NZME.

After falling steadily during April, beef schedule prices held relatively steady through May as the slide in US imported beef prices ended, and domestic cow numbers began to tighten.

At the start of June, the North Island bull price was 2% higher month-on-month, averaging $5.25kg cwt. The South Island bull price was down 1% month-on-month, averaging $4.90.

Prices in both islands were 5% lower than this stage last season.

Schedule prices continued to edge higher during May on the back of a seasonal slowdown in lambs available for slaughter.

Discover more

Business

NZ biosecurity top-scores in KPMG agri survey

12 Jun 05:00 PM

At the start of June, the slaughter price in the North Island averaged $7.55kg cwt (3% higher MOM). South Island lamb averaged $7.35 (4% higher).

Lamb supply would keep dropping until September, which should ensure enough procurement pressure to support further upward price movement.

However, it was unlikely price gains would match those traditionally experienced over that period, the report said.

Save

    Share this article

Latest from The Country

The Country

'What residents deserve': Water trial treatment plant to be set up in Marton

13 Jul 05:15 PM
The Country

‘A win-win’: Forestry company gifts venison to food bank

13 Jul 05:00 PM
The CountryUpdated

99% of people couldn't afford this: Massive South Island stations aim for $140m

13 Jul 07:20 AM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from The Country

'What residents deserve': Water trial treatment plant to be set up in Marton

'What residents deserve': Water trial treatment plant to be set up in Marton

13 Jul 05:15 PM

The new system will not be fully operational in time for spring and summer.

‘A win-win’: Forestry company gifts venison to food bank

‘A win-win’: Forestry company gifts venison to food bank

13 Jul 05:00 PM
99% of people couldn't afford this: Massive South Island stations aim for $140m

99% of people couldn't afford this: Massive South Island stations aim for $140m

13 Jul 07:20 AM
‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

12 Jul 05:59 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP