Originally posted by MrAwesome
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Originally posted by Leftette View PostJust watch - the drop in the dollar was nothing but a knee-jerk reaction and it will extend down further than it would normally owing to that. Within a week it'll be back above where it sat before today's rate change.
Mark my words.
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Yes, BUT, the significantly lower milk price is a variable one could not predict. If that continues ,then farmers will start to squeal about the high dollar (exporters have been squealing for years but of course ignored until the farmers join them).
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Originally posted by Leftette View PostYes, BUT, the significantly lower milk price is a variable one could not predict.
You are starting to sound like all the others who predict things.
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Pedantic! It was a BIT lower, but not the frightful drop the poor hard-done-by farmers saw yesterday. I'm kind of pleased, to be honest. At least now us REALLY poor hard-done-by exporters may get the political leverage for a lower dollar on-side if the farming community join in.
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Originally posted by Leftette View PostPedantic! It was a BIT lower, but not the frightful drop the poor hard-done-by farmers saw yesterday. I'm kind of pleased, to be honest. At least now us REALLY poor hard-done-by exporters may get the political leverage for a lower dollar on-side if the farming community join in.
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Originally posted by Leftette View PostI stand by my comments though. If that dairy price stabilises or even creeps up a tad, the dollar will revert to trend in no time.
Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.
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Yes.
World glut, over supply, price war.
There are some who are talking closer to $5 than $6.
If farmers have taken an heaps of debt buying up neighbouring land recently there will be big concerns.
As you said on the property boom thread
Paying down during the boom is absolutely the correct move, it's those who leverage up during the boom who loose their shirts.
Even if they don't, trying to pay down debt at the bottom means you are on the sidelines when the best buys are to be had.
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Forecasting, predictions, and so on. All very risky, most of the time.
Did any pundits see this coming?
The sudden weakness in global milk demand has come as a surprise to
many farmers who have grown used to rising demand for dairy from
Asia’s fast growing economies. China is forecast to become the world’s
biggest dairy consumer by 2018, with the government actively promoting
more calcium in the Chinese diet.
This has led to a rush by dairy farmers around the world to expand
their herds and increase production. Across the world’s major dairy
producing regions, output was up by 18pc in the first quarter.
However, a recent build of Chinese whole milk powder and whey
inventories has raised concerns that the government has been
stockpiling to protect the world’s second-largest economy from
inflation that could be caused by agricultural commodity prices rising
too quickly.
sucked into the EU.
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