Glanbia holds milk price for third consecutive month
Following an increase in June, the price received by Glanbia suppliers has remained unchanged.

The board of Glanbia has decided to hold its milk price for September supplies. Glanbia suppliers will continue to receive 30.36c/l (excluding VAT) for milk supplied, at 3.6% butterfat and 3.3% protein.

Glanbia increased its milk price last month but removed a co-op support payment, meaning the price was unchanged. Following an increase in June, the price received by Glanbia suppliers has remained unchanged.

Challenging

Glanbia chair Martin Keane said: “In a year that has been extremely challenging from a weather perspective, September conditions were ideal for milk production. Our milk supply for the month was very strong compared with the same month last year.”

Favourable weather and supplementary feeding has also boosted milk constituents, resulting in an actual average payment for milk this month of 38.35c/l.”

He added that there had been a rapid decline in European butter markets and that the board would continue to monitor developments closely.

On Tuesday, Lakeland Dairies announced it was holding its milk price for September.

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Big crowds in Millstreet for national dairy show
Tommy Heffernan the Journal Vet was down in Millstreet on Saturday at the National Dairy Show.

Crowds gathered early on Saturday at the Millstreet arena for the National Dairy Show. Strolling through the cow sheds, hair driers were buzzing and judging was underway with heifers in the ring being led into their positions.

With feet glossed and coats shining I followed one girl with her heifer into the ring. She was smiling ear to ear as the compliments flowed about her young yearling heifer.

There is a real feel of family at the show, from the competitors to the spectators alike. The serious business of judging took place in the afternoon when the overall winner was declared.

There is also a bustling trade fair with all sorts of agri-exhibitors. As lunch time approached the crowds were really starting to build. The thoroughfares were thronged by two o'clock and it seemed a lot of business was being done.

Positive mood

Chatting to some farmers from Mitchelstown the mood was good. ‘How could you not be smiling in weather like this’ one dairy farmer said. Many have not forgotten the tough summer in the south of Ireland and much discussion was about what way to prepare for next year.

Next week, Tommy Heffernan will have a full video report where he takes a look at what’s new in animal health from the show.

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Milk production season makes strong start in New Zealand
An increased milk supply for the first three months of the New Zealand milking season is placing pressure on global dairy markets.

Milk production during the start of the milking season in New Zealand has continued to perform strongly, with July to September supplies up almost 6% on last year.

According to figures from Dairy Companies Association of New Zealand, a total of 358m kg of milk solids were produced from July to September, an increase of 180,000kg on 2017. This follows a strong winter milk production period during which supplies were up 12%.

While Irish dairy farms begin to enter the winter period, New Zealand farmers are approaching peak production. Last year, milk solid production peaked at 254m kg in October.

In September, milk solids finished at 219m kg, over 120,000kg ahead of the same time last year.

Price pressure

The increased production from New Zealand has seen dairy commodity prices come under pressure. The latest Global Dairy Trade auction recorded a small price index drop of 0.3% to US $2,885/t.

It is the fifth auction in a row to record a negative outcome. The index price has fallen by 15% since June.

Irish milk supplies also increased through September, up 10%. Announcing the Glanbia September milk price, Glanbia chair Martin Keane said this surge in supply coinciding with “a very strong start to the New Zealand milk production season”. This he said resulted in reduced forecast milk prices.

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Fonterra lowers its forecast milk price again

No change to Aurivo and Carbery milk prices for September
As co-ops continue to set September milk prices the trend as been no changes, but many boards have issued warnings of weakening market returns.

Both Aurivo and Carbery have held their September milk prices. The co-ops are the latest to announce September prices after Glanbia, Lakeland, Kerry and Dairygold all held their prices.

Carbery suppliers will continue to receive 32.8c/l excluding VAT. Those in Aurivo will receive 30.4c/l excluding VAT.

However, an Aurivo spokesperson said: “The decision to hold prices comes despite weakening market returns, which Aurivo will continue to monitor in the coming months.”

Milk supply across Ireland was up by about 10% for the month of September compared with the same period last year.

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August milk prices hold steady