The price of milk bounced back in this morning’s GlobalDairyTrade auction, taking the trade weighted price back to the long-term average.
The trade weighted index was up 13.5%.
Anhydrous milk fat jumped 24.4%, cheddar was up 9.4%; lactose was the only product to drop in price, going down 1.3%; the price of milk protein concentrate increased by 19.6%; skim milk powder was up 21.3% and whole milk powder increased by 8.5%.
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Homepaddock 
Great news HP for dairy farmers and kiwis in general.
Perhaps you should relax a little more. I am a share investor,world wide with shares in the US,UK,Australia and New Zealand. Doing it for 40 years and seen lots of ups but some mighty downs.
I used to micromanage my portfolio, now I check once or twice a week but am in it for the long haul.
It’s not short term ups or downs, its long term moves. Dairy farmers are not speculators. Recent cries of concern from the Dairy industry are a little like Chicken-Licken in Janet and John reader Bk5 talking about the sky falling in with prices tumbling.
Accept the fact that you are a price getter and not a setter. Relax and get on with the job you people do so well. Don’t add additional stress to a matter that you in NJorth Otago can do very little about.
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Neil, I do these posts as a record knowing like you that prices go up and down and that it’s no use worrying about things you can’t control. The auction is only a small part of Fonterra’s sales anyway.
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