Global dairy trade auctions, dairy conversions and sharemilker appointments drive elevated market.

Buyer inquiry for dairy herds has been elevated over the past few weeks.

With recent global dairy trade auctions pushing forecast returns higher, buyers outnumber sellers, demand has risen, and herd prices are fully firm.

In Canterbury the latest phase of dairy conversions gave the market some impetus, while more recently, as sharemilking positions were secured, newly confirmed sharemilkers have driven demand as they look to pick up a herd. Bank lending into the dairy sector has increased, while several farm sales have also driven recent cow movement.

Buyers are looking for herds across all classes. Demand for well recorded cows is particularly high, especially if they are DNA verified. Correctly priced, any herd offered will sell.

While in the past waiting to purchase dairy cows has gone unpunished, in more recent seasons availability has been less certain, leaving some farmers with reduced options. This year, particularly from a herd perspective, the signals strongly advise moving early. To avoid being caught out when nationwide supply levels are doubtful, farmers must be proactive.

Although the current market is firmly in their favour, sellers who take the initiative to organise early will ensure maximum exposure.

Anyone in the market for a dairy herd should consult a PGG Wrightson Dairy representative without delay.

Another run of conversions through the same period next year, for farms converting for the 2027 season, signal that demand for herds will remain elevated. In such a market, planning ahead is wise, and an early discussion with your dairy representative is well advised.

For all your dairy livestock needs, talk to our team of experts today!