# Farm finances looking better after big rally in dairy prices - NZ Herald

> Whole milk powder prices reached their highest level in over two years at the latest GDT auction, with the index up 11.4%. Analysts said the rally was more durable because it followed a sharp October production drop in the Waikato.

- Date: 2016-11-02 · published 2016-11-02T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/4651-farm-finances-looking-better-after-big-rally-in-dairy-prices-nz-herald
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher dairy auction prices lift expected farmgate payouts above break-even levels, improving farm cash flow and easing bank pressure on farmers.

## Read by commodity

- MILK: bullish ▲

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/business/companies/farm-finances-looking-better-after-big-rally-in-dairy-prices/M5LPDD2ZJSMMI3XGUL6FVPQ4OA/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.