1
00:00:00,120 --> 00:00:02,639
Speaker 1: Jamie McKay is with us host of the country, Jamie.

2
00:00:02,640 --> 00:00:07,560
Speaker 1: Good evening, so forgive me Jamie you're there. Good evening

3
00:00:07,600 --> 00:00:07,760
Speaker 1: to you.

4
00:00:08,560 --> 00:00:10,160
Speaker 2: Yeah you got me now, got you now.

5
00:00:12,039 --> 00:00:15,360
Speaker 1: And the red meat sector doing very very well, back

6
00:00:15,440 --> 00:00:17,480
Speaker 1: on track for a strong rebound.

7
00:00:18,160 --> 00:00:20,000
Speaker 2: Yeah, yeah, a couple of good news stories out in

8
00:00:20,000 --> 00:00:22,239
Speaker 2: the last couple of days. We'll start with the red

9
00:00:22,280 --> 00:00:24,599
Speaker 2: meat then look at the dairy one. So yeah. Look.

10
00:00:24,840 --> 00:00:28,480
Speaker 2: Beef and Lamb New Zealand released their mid season update today.

11
00:00:28,480 --> 00:00:32,120
Speaker 2: They did it on the mid Canterbury or Mount Summers

12
00:00:32,120 --> 00:00:34,840
Speaker 2: farm of the chair of Beef and Lamb New Zealand,

13
00:00:34,920 --> 00:00:39,600
Speaker 2: Kate Ackland, well known Canterbury farming family, and they're saying

14
00:00:39,640 --> 00:00:44,519
Speaker 2: that export receipts a force forecast should I say, to

15
00:00:44,680 --> 00:00:47,600
Speaker 2: increase by one point two billion on last year to

16
00:00:47,680 --> 00:00:51,040
Speaker 2: reach ten point two billion. So obviously that's up from

17
00:00:51,120 --> 00:00:54,560
Speaker 2: nine billion the year before. And this is despite overall

18
00:00:54,760 --> 00:00:59,760
Speaker 2: export volumes dropping, so we're sending away less and getting

19
00:00:59,800 --> 00:01:03,000
Speaker 2: more for it. Lamb prices are forecast to reach one

20
00:01:03,080 --> 00:01:06,840
Speaker 2: hundred and fifty five dollars per head. That's up twenty

21
00:01:06,840 --> 00:01:10,040
Speaker 2: percent from last season, nine percent above the five year average.

22
00:01:10,240 --> 00:01:13,560
Speaker 2: Mutton which crashed badly in the past couple of years,

23
00:01:14,040 --> 00:01:16,600
Speaker 2: expected to rise to ninety dollars per head. This is

24
00:01:16,600 --> 00:01:20,399
Speaker 2: the old news, of course, seventy percent increase on last year.

25
00:01:20,400 --> 00:01:23,520
Speaker 2: Cattle prices, as we all know, at the moment, at

26
00:01:23,600 --> 00:01:27,640
Speaker 2: record levels, and all the all beef rounded out price

27
00:01:27,720 --> 00:01:31,160
Speaker 2: of six hundred and eighteen cents per kilogram is also

28
00:01:31,440 --> 00:01:33,880
Speaker 2: a record high. But there's a big rider on that one,

29
00:01:33,920 --> 00:01:37,160
Speaker 2: obviously with Trump AND's tariff. Now here's the interesting one.

30
00:01:37,200 --> 00:01:40,399
Speaker 2: Your average sheep and beef farmer Ryan will make a

31
00:01:40,400 --> 00:01:43,959
Speaker 2: profit of one hundred and six thousand, five hundred dollars

32
00:01:44,000 --> 00:01:45,920
Speaker 2: per year. And I'm guessing a lot of people are

33
00:01:45,920 --> 00:01:49,120
Speaker 2: listening in and thinking that's really good money. Well, it's

34
00:01:49,160 --> 00:01:52,240
Speaker 2: double last year's profit of fifty six thousand, But just

35
00:01:52,280 --> 00:01:55,800
Speaker 2: remember from that money that one hundred and six thousand,

36
00:01:55,840 --> 00:02:00,720
Speaker 2: they've got to pay drawings, tax, capital expenditure, replacing the

37
00:02:00,760 --> 00:02:04,559
Speaker 2: tractor or the ut and principal repayments, so it doesn't

38
00:02:04,560 --> 00:02:07,320
Speaker 2: actually leave that much and it's still less than the

39
00:02:07,400 --> 00:02:10,960
Speaker 2: five year average. Just another one fact that came out today.

40
00:02:11,280 --> 00:02:14,480
Speaker 2: Every day she can be farmers spend fifteen million dollars

41
00:02:14,560 --> 00:02:17,040
Speaker 2: in goods and services with eighty to ninety percent of

42
00:02:17,080 --> 00:02:19,520
Speaker 2: that money staying in local communities.

43
00:02:20,160 --> 00:02:22,120
Speaker 1: No great context at you to put around that for

44
00:02:22,160 --> 00:02:27,040
Speaker 1: people to understand, Jamie. Now, the dairy modest growth betweenty

45
00:02:27,080 --> 00:02:29,480
Speaker 1: twenty five predicted this is a rabobank report, is it?

46
00:02:30,160 --> 00:02:32,120
Speaker 2: Yeah? This one came out well, it came out today,

47
00:02:32,120 --> 00:02:35,000
Speaker 2: but we were on to it yesterday. As a result,

48
00:02:35,080 --> 00:02:39,120
Speaker 2: Rabobanks listed its milk price forecast upwards by thirty cents

49
00:02:39,240 --> 00:02:42,320
Speaker 2: ten dollars per kilogram of milk solids. That's where Fonterra

50
00:02:42,400 --> 00:02:44,320
Speaker 2: and a number of other banks are sitting. In fact,

51
00:02:44,360 --> 00:02:51,800
Speaker 2: I think asb don't quite this one. There were global

52
00:02:51,880 --> 00:02:59,040
Speaker 2: dairy portally some export regions around the world Australia, US obviously, Argentina, Uruguay, Brazil,

53
00:02:59,360 --> 00:03:02,360
Speaker 2: the EU and and the US are expected to expand

54
00:03:02,400 --> 00:03:05,800
Speaker 2: production by only zero point eight percent, so not much

55
00:03:06,400 --> 00:03:10,400
Speaker 2: of an increase on world milk production there. Interestingly, twenty

56
00:03:10,440 --> 00:03:14,240
Speaker 2: twenty four dairy exports reached a three year high, with

57
00:03:14,360 --> 00:03:17,480
Speaker 2: sales to China following a similar trend. Now, China has

58
00:03:17,520 --> 00:03:20,600
Speaker 2: been off the boil in recent years since COVID, so

59
00:03:20,639 --> 00:03:24,000
Speaker 2: it's good to see a bit of recovery there. Milk

60
00:03:24,040 --> 00:03:26,480
Speaker 2: prices up two dollars on where it was a year ago.

61
00:03:26,680 --> 00:03:32,880
Speaker 2: That's fantastic. Interest rates dropping, that's fantastic. The only writer

62
00:03:33,040 --> 00:03:34,680
Speaker 2: I would add to that one and it's the weather.

63
00:03:34,760 --> 00:03:36,760
Speaker 2: You can't do much about that. A lot of the

64
00:03:36,760 --> 00:03:39,320
Speaker 2: North Island in particular is very very dry, so there

65
00:03:39,360 --> 00:03:43,160
Speaker 2: is a risk that milk production could finish abruptly in

66
00:03:43,200 --> 00:03:46,080
Speaker 2: the western, Middle and north of the North Island.

67
00:03:47,960 --> 00:03:50,560
Speaker 1: Jamie, thank you for that update. Jamie mckaye, host of

68
00:03:50,640 --> 00:03:52,800
Speaker 1: the Country Here on News Talk CB, with a couple

69
00:03:52,840 --> 00:03:56,480
Speaker 1: of bits of good news from the rural sector. For

70
00:03:56,600 --> 00:03:59,800
Speaker 1: more from Heather Duplessy Allen Drive, listen live to News

71
00:03:59,840 --> 00:04:02,680
Speaker 1: to Bok said Be from four pm weekdays, or follow

72
00:04:02,720 --> 00:04:04,520
Speaker 1: the podcast on iHeartRadio