Loading…
Stats NZ reported that New Zealand dairy farmers' prices fell 4.8% in the September 2018 quarter on lower farm-gate milk prices, while their costs rose 1.5% due to higher feed, fuel and freight. Manufacturers received higher prices for whole milk powder.
Higher feed costs squeeze New Zealand dairy margins, which can reduce feed purchasing and dairy herd expansion.
stats.govt.nzNov 19, 2018After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
