The Wrangler

05/12/2024

Wahoo! Our farmers are awesome!

Fonterra farmers are in line for a record milk price of $10/kgMS this season.

The co-operative today raised the midpoint of the 2024/25 season forecast Farmgate Milk Price by 50 cents to $10/kgMS.

The new forecast range of $9.50-$10.50/kgMS reflects the ongoing strength of the global market.

“We’re committed to providing farmers the highest sustainable milk price, so I'm pleased to announce another lift in the forecast for the season,” says Fonterra chief executive Miles Hurrell.

“We’re seeing a recovery of demand in Greater China as domestic milk production rebalances and demand from Southeast Asia continues to be strong.

“Looking at supply, milk production out of the US and Europe continues to be impacted by local factors, while production out of most regions of New Zealand has increased.

“We’re continuing to monitor factors that may influence global supply and demand dynamics, including any potential impact from heightened geopolitical uncertainty,” says Hurrell.

Fonterra’s previous best milk price was $9.30/kgMS, paid in 2021-22.

dairyexporter.co.nz

29/11/2024

Happy Thanksgiving to all, and especially to our USA customers of Valley Implement 🇺🇸. We do indeed have so much to be thankful for.

05/11/2024

Come bring your A Game! 🏌️‍♀️ Wrangler are proud sponsors of the Fonterra Farmer Charity Golf Tournament next week, and will also be entering a team. See you there⛳️

17/10/2024

Another great Ag Day at Awakeri School. Congratulations to all the children and their supporters for turning out such good calves.

16/08/2024

More great gear for bound for Australia including Ride Over Gate's, Collosal Wranglers, and Kiwick Alpaca Table.

06/08/2024

6 Race Works Wranglers and a Ride Over Gate being delivered today. With calving well underway they'll be put to use pretty quickly!

06/08/2024

Good load of Race Works Wranglers being delivered on-farm today. With calving well underway these farmers are looking forward to using them immediately.

18/06/2024

So many of you tell us you enjoy watching The Hoof GP

Graeme Parker has a huge internet following for his work with cattle in south-west Scotland.

15/06/2024

That's a wrap. Thanks for the Fieldays fun! 🐮

14/06/2024

Sunrise on Super Saturday of Fieldays. Daisy is ready to welcome you to The Wrangler site G75 🐮

13/06/2024

Friday at Fieldays. A little rain and a lot of people.

28/05/2024

FONTERRA ANNOUNCE OPENING 24/25 SEASON FORECAST FARMGATE MILK PRICE.
Fonterra this morning announced an opening 2024/25 season forecast Farmgate Milk Price of $7.25-8.75 per kgMS with a midpoint of $8.00 per kgMS.
Fonterra say Global Dairy Trade (GDT) prices have lifted over the past couple of months, back to levels seen around the start of the calendar year.
“Our current season forecast Farmgate Milk Price midpoint remains unchanged at $7.80 per kgMS and as we are nearing the end of the season, we have narrowed the range to $7.70-$7.90 per kgMS," says CEO Miles Hurrell.
“Looking to the 2024/25 season, milk supply and demand dynamics remain finely balanced and China import volumes have not yet recovered to historic levels,"
“Given the early point in the season, the uncertainty in the outlook and ongoing risk of volatility in global markets, we are starting the season with a cautious approach. Our opening forecast range is $7.25-$8.75 per kgMS with a midpoint of $8.00 per kgMS,” Hurrell says.
This morning's announcement also included Fonterra's Q3 business update, which revealed profit after tax from continuing operations’* of $1,013 million, up $20 million or equivalent to 61c per share.
Fonterra say this result is driven by continued strong earnings across all three of the Co-op's product channels.
CEO Miles Hurrell says the Co-op's Foodservice and Consumer channels in particular had a strong third quarter with a lift in earnings compared to the same time last year.
“As a result of this performance, we have lifted our forecast FY24 continuing operations’ earnings range to 60-70 cents per share, up from 50-65 cents per share” Hurrell says.
Image: Fonterra.

04/04/2024

How good is this?!

04/04/2024

A beautiful day here at East Gippsland Field Days. Talk to Laurens about Ride Over Gate and Wranglers,today and tomorrow 9am - 4.30pm.

03/04/2024

Lameness workshops in Wairarapa this week, run by Fonterra Farm Source with guest speaker Neil Chesterton, sponsored by Wrangler.