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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

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