Latest / Best of Business / Jamie Mackay: The Country host on the sheep and beef profits forecast for 2025-26

Transcript

Jamie Mackay: The Country host on the sheep and beef profits forecast for 2025-26 · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks Be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
• 0:17
  Speaker 1: The Rural Report with Farmlands for Carving Solutions amongst the chaos.
• 0:23
  Speaker 2: Right on the Huddle with us this evening. What am
• 0:25
  Speaker 2: I talking about? Honestly, Jamie Jamie mckaye, Host of the Country.
• 0:28
  Speaker 2: It's the Tuesday after Easter.
• 0:31
  Speaker 3: Are you getting You can't blame monday itis. This is
• 0:35
  Speaker 3: mushy brain from you.
• 0:36
  Speaker 2: Here is a mushy brain. And Jamie, I don't even
• 0:38
  Speaker 2: have benders because I have children. Children am a benders anyway?
• 0:42
  Speaker 2: Host of the Country for the Rural Report, Jamie talk
• 0:46
  Speaker 2: us through the GDT predictions.
• 0:48
  Speaker 3: We could have a whee huddle. Heather's acceptable.
• 0:51
  Speaker 2: The call is the Country Huddle.
• 0:52
  Speaker 3: Go on.
• 0:52
  Speaker 2: Then what do you reckon is going to happen?
• 0:53
  Speaker 3: We'll call it country Huddle. What was the question?
• 0:56
  Speaker 2: Milk price?
• 0:57
  Speaker 3: Oh yeah, look, a first global dairy trade auction of
• 1:00
  Speaker 3: the month obviously tonight my guy at jard and Mike mcintie.
• 1:04
  Speaker 3: It's a bit of a worry with everything that's going on.
• 1:06
  Speaker 3: Maybe the market's just listening to what you're saying. A
• 1:08
  Speaker 3: factoring in a Trump victory at midday our time tomorrow.
• 1:12
  Speaker 3: But she's I don't know about this. It's getting really
• 1:14
  Speaker 3: messy with fuel and fertilizer. Don't forget the fertilizer, but
• 1:18
  Speaker 3: the futures market looking for a couple of percent down
• 1:22
  Speaker 3: on whole milk powder, maybe twice that for skim milk powder.
• 1:26
  Speaker 3: Significant falls in the fats that's butter and cheese. So
• 1:31
  Speaker 3: Mike McIntyre picking a whole milk powder down two percent
• 1:36
  Speaker 3: five percent overall, that's perhaps the index. We'll wait and
• 1:40
  Speaker 3: see on this one, but look, it's not good news.
• 1:42
  Speaker 3: We're all sort of in limbo till we find out
• 1:44
  Speaker 3: what happens or doesn't happen tomorrow.
• 1:47
  Speaker 2: Yeah, totally midday now on Some bright news is that
• 1:51
  Speaker 2: the average heap and beef farm profit is forecast to
• 1:53
  Speaker 2: double this year, which is significant.
• 1:55
  Speaker 3: Yeah, look, this is a great news story. Doubling, highest
• 1:59
  Speaker 3: in fifty years. Double obviously twenty four to twenty five.
• 2:02
  Speaker 3: This is for twenty five, twenty six, and these numbers
• 2:04
  Speaker 3: two hundred and eighty seven thousand profit four tax, And
• 2:09
  Speaker 3: I know that sounds a lot of money, but remember
• 2:11
  Speaker 3: you've got to pay your tax, your drawings any capital
• 2:13
  Speaker 3: expenditure out of that, But it's still good. But look
• 2:16
  Speaker 3: at some of the numbers that the sheep and beef
• 2:18
  Speaker 3: farmers are injecting into our economy. They're producing eight point
• 2:22
  Speaker 3: five billion on farm this year, spending sixteen million dollars
• 2:27
  Speaker 3: every day in goods and services, largely in their local communities.
• 2:32
  Speaker 3: The forecast farm gate prices for lamb for this season
• 2:36
  Speaker 3: ten dollars twenty eight. That's two hundred bucks for a
• 2:38
  Speaker 3: good lamb. For a bit of mutton, an old fat
• 2:41
  Speaker 3: yue five dollars fifty five at the kilogram of carcassweight,
• 2:44
  Speaker 3: that's one hundred and sixty to one hundred and eighty
• 2:46
  Speaker 3: dollars for an old mutton. In the eighties they were
• 2:49
  Speaker 3: worth nothing and cattle seven dollars sixty. And that's dragged
• 2:54
  Speaker 3: down by the likes your bona cows as opposed to
• 2:56
  Speaker 3: your prime stare which is at nine bucks. So look,
• 2:59
  Speaker 3: all in all, looking really good. Obviously risks around the
• 3:02
  Speaker 3: Middle East, the US trade policy. Who knows when there's
• 3:05
  Speaker 3: another tariff coming and it's not on you usual at
• 3:08
  Speaker 3: this time of the year, autumn processing pressure. We've had
• 3:11
  Speaker 3: a grassy summer. The farmers have hung on to the
• 3:13
  Speaker 3: stock to add more weight to them. There's a bit
• 3:15
  Speaker 3: of a squeeze on at the works at the moment.
• 3:17
  Speaker 2: Good stuff, Jamie. Always good to talk to you. Thank
• 3:19
  Speaker 2: you for saving me for myself. Jamie mckaie, Host of
• 3:21
  Speaker 2: the Country.
• 3:22
  Speaker 1: For more from News Talk st B, listen live on
• 3:25
  Speaker 1: air or online, and keep our shows with you wherever
• 3:28
  Speaker 1: you go with our podcasts on iHeartRadio.