Thursday, April 25, 2024

OMF NZ Futures Market report – March 17, 2014

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Dairy markets have started the week unchanged; WMP has traded April at $4510, up $10.  July, August and September traded at $4500, $4500 & $4470, all unchanged. U.S. markets were mixed at the end of last week; Class III firmer and Class IV weaker. NFDM and Butter also weaker.
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Cyclone Lusi which was expected to bring devastating weather to NZ this weekend failed to deliver a killer punch.  Both rain and wind did not hit the major centres as badly as expected.  The lower North Island received about 200 millimetres of rain.  Nevertheless the lake levels remain below average.

 

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