GDT tonight – it will be interesting to see the performance of WMP given the slight reduction of volume on offer.
As we head into our winter New Zealand is receiving a good amount of regular rain and temperatures overall remain mild.
OMF NZ Futures Market report – May 20, 2014
The local market continues to hold recent levels. We have good two-way interest developing in WMP across the strip. Offshore markets remain mixed – Class III has continued to correct though Class IV has moved ahead in futures terms as demand for butter improves. The U.S. Milk Production report for April shows production up 1% since last year.
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