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Cooper Aitken's benchmarking data for 134 Waikato dairy farms shows a strong 2025-2026 season. Milk production per hectare rose 18% over the period, helped by good pasture and feed conditions and strong milk and livestock prices.
Strong production on well-managed farms supports New Zealand milk supply, a modest bearish factor for dairy prices in a market already heavy with milk.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.