Mark Leishman talks to PGW Livestock GM, Peter Moore in the latest Livestock Update.  This week’s interview focuses on the latest market conditions, Moving Day and the Fonterra Payout Forecast.

Market

There is the underlying issue around the country that had been dry for a long time. It looks green but there is a large part of the country that are in soil moisture deficit.

The Cattle market has had quite an impact from the weather conditions but the sheep market is strong.

Gypsy Day/Moving Day

The dairy industry has been under pressure for a year or two, with quite a few changes to the industry.

People have been more conservative about the changes they have been making, so we are not seeing the large dairy transactions that we have seen over the last few years.

It will be moving day but on a much smaller scale

Fonterra Payout Forecast

Global demand for dairy products has given an optimistic outlook for the future. with Fonterra setting a wide band of $6.25 - $7.25 for next season’s payout.

There is strong demand for New Zealand protein internationally.