OMF NZ Futures Market report – July 29, 2014

NZ dairy futures remained quiet yesterday with no volume trading and a continued lack of interest in the market.  Prices are still fairly wide and we don’t see much in the way of participation outside of the usual players who are always active in this market. The market will likely remain this way until we start seeing some positive numbers come out of GDT.  With only two of the last twelve auctions being positive results, one would expect the trend to change sooner rather than later.