More Milk Money
This season’s price outlook for dairy farmers has continued to strengthen. The early November GDT auction was buoyant, adding to the recent trend higher, seeing prices 23% higher than a year ago. Demand at the auction looked strong with the number of unsatisfied bidders above average, as was participation.
Signs Of Change in Meat Prices
It is no secret that sheep and beef farmers have been facing very challenging economic conditions. But let’s start with some positive news. Beef and lamb prices have increased over the past four months, with the former up nearly 16% and the latter up 21%.
We say this not to suggest that prices are strong, far from it in lamb’s case, but rather to acknowledge some changing dynamics of late. Rising prices at this time of year is not unusual, but the gains over recent months have been a bit more than normal.