Agsafe Weekly Rural Report

Finance:  The NZ dollar was steady over the week finishing marginally ahead of last week. Brent Crude is trading at $US83/barrel!!

Wool:  Wool prices remain in the doldrums. There is some optimism as the Napier wool processors reopens!! People are trying!!!

Beef, Sheep & Venison schedules: All meat schedules are steady for the coming week with some minor intercompany changes. Lamb prices are very disappointing and some pundits are predicting further falls. 

Dairy Prices:  The next g/DT auction is to be held on Tuesday night.  It is expected to have a zero or near zero movement which will stabilise the payout and support a decent opening payout for the 2024/25 season which will announced around 29th May..