A great start to the 2024 calendar year with two successive increases in the GDT auctions.
As more product has been sold for the 2023-24 season, we have seen the Fonterra Farmgate Milk Price narrow to a $1.00kgMS swing from $7.00kgMS to $8.00kgMS. This should instil confidence that dairy is moving in a more positive direction than the barrel we were looking down less than 6 months ago.
Continue to update your farms budgets and improve your understanding of your current financial position. The 1 December marked the half way point in the season and most of those accounts would have been paid for on the 20th of December so it is always a good time to review and see how you are tracking.