Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Extra payout tops off 2002 season for Dairy Meats


Extra payout tops off 2002 season for Dairy Meats

Dairy farmer-owned bobby calf processor, Dairy Meats NZ Ltd, has announced its top up payment for bobby calves supplied during the 2002 season.

With the season completed, the company is able to relate its supply of calves to subsequent products manufactured for sale, and to measure existing and future market values more accurately.

The company makes an advance payment made in the month following supply, and its follow up payment considerably increases the total payment to suppliers for calves.

The payment summary per kilo for 2002 calves is: Carcass Advance December Total Weight Payment Payment Payment Lights - 10.1-13.5 kilos $1.50 $0.35 $1.85 Mediums - 13.6-18.5 kilos $2.30 $0.55 $2.85 Heavies - 18.5 + kilos $2.45 $1.10 $3.55

These payments represent the following typical average values paid net to suppliers for calves: An average weight calf in the lights category = $22.49 per calf An average weight calf in the mediums category = $45.52 per calf An average weight calf in the heavies category = $74.13 per calf These values are in line with Dairy Meats' earlier forecasts and mean the company has been very competitive with known alternative market offers. The payments have been direct credited to suppliers' bank accounts.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: