CSB - Jim Findlay - WEEKLY ECONOMIC REPORT

 Farm Advisors NZ Ltd & AgSafe NZ Ltd 

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Episode Transcript

Speaker 1 (00:00):
From the cricket field to the cows shed.

Speaker 2 (00:02):
It's the Country Sport Breakfast with Brian Kelly on Gold Sport.
Time to say good morning to Jim Finlay with his
weekly economic report.

Speaker 1 (00:10):
Morning Jim, heany, good morning Brian.

Speaker 2 (00:13):
Just past the longest night, the shortest day. So I
guess gradually, bit by bit things are going to get
a little lighter and things will warm up.

Speaker 1 (00:22):
Oh that's the plans for it. But we usually get
our coldest days after the longest night or the shortest day.
But you know, the ingredients of make our grass grow
of course, of sunshine or sunlight, moisture, bit of fertility,
and some warm temperature. So yeah, it's been pretty warm
in the soil so far, so yeah, we can look

(00:43):
at some reasonable grass growth rates starting to come again
later on in July probably right.

Speaker 2 (00:48):
Okay, let's talk about the markets and the dairy prices
over the past week, just a little blip they dropped
one point five.

Speaker 1 (00:57):
Yeah, the GDT went down point five percent, which is
some ways neither here nor there. We saw the whole
milk powder it drop two and a half percent, which
was it's our major commodity, so it does have a
bit of an influence and an effect on what's going
on in the world. So yeah, I don't think at
the moment it's got any room for concern or anything.

(01:17):
But skim milk powder, which is the second most important one,
it was up point seven of a percent, so all
in all it was not a bad result at this
time of the season.

Speaker 2 (01:26):
All right, let's look at the rest of the schedules
from the past week, right, we'll.

Speaker 1 (01:30):
Come through them, and there's a wee bit of upward
movement in our lamb schedules. The eighteen kg yxlam in
the North Island is up to six dollars twenty five
a kg, and in the South Island is up to
six dollars thirty. The twenty one KGMX mutton in the
North Island is up to two dollars sixty kg, and
the South has moved up a bit to two dollars
seventy five. Our P two stare, the two seventy to

(01:51):
two ninety five kg stare is steady in the North
Island at five dollars fifty and is up a little
bit to five dollars forty in the South. Our bona
cow is steady at three sixty in the North, and
it's up a little bit to three dollars seventy in
the South Island, and our two seventy to two ninety
five kg bullers up in the North Island to five
dollars sixty a kg and steady in the South at

(02:12):
five dollars twenty and our venus and our sixty kg
stag has been steady now for a while at age
sixty five in the North Island. In eight seventy five
in the South Bran your.

Speaker 2 (02:21):
Weekly newsletter, you had a little bit of trouble writing
it across the course of the weekend because things just
kept evolving in our and what you've termed our third
world nation.

Speaker 1 (02:32):
Absolutely, I sort of was you start thinking at the
beginning of the week about what's frustrating you and upsetting you,
and sort of got around to Thursday and the wheels
were starting to fall off the whole of our country,
and we got to a point where, you know, we
had the power out up and most of Northland there,
and you know, you had to decide whether you wanted
to charge to ev or have a shower, but it

(02:52):
probably didn't matter to either because you couldn't open your
garage door we'll go down to abuse the f poss.
So you know, a little bit stuck, aren't you.

Speaker 2 (03:00):
Yeah, you are, indeed were that pylon falling over? And
then of course, you know, our ministerial people heading to
Japan plane breaks.

Speaker 1 (03:09):
Down absolutely and then just after they get that going again,
one of the inter island ferries runs aground. So we've
had a real week of showing how our poor infrastructure
is holding everything or not holding everything together. One of
the interesting little statistics that I did pick up during
the week, Brian, was the fact that we've got one
of the oldest car fleets in the world at an

(03:31):
average age of just over fourteen years of age, which
is a little bit symptomatic of who we are I
think at the moment, and I think we need to
really get out there and make things happen. And I
was at a k Force veterans meeting yesterday afternoon and
Koreans were talking about the fact that they had one
of the worst GDPs in the world back at the

(03:53):
end of the Korean War, which finished fifty one years ago,
seventy one years ago yesterday, and look what they've done.
You know, they got out there with their blood sweat
and tears, and they've made a country out of something,
and I think we can do the same. We're pretty resilient,
we can work hard, and I think we've really got
to get out and lift ourselves up out of the

(04:14):
sort of third world status that we're in at the moment.

Speaker 2 (04:17):
Brian. It's pretty embarrassing the things that are happening, including
a fairy that just fixed the steering on it running aground.
That was just total embarrassment, Wasn't it total embarrassment?

Speaker 1 (04:28):
And you know it's one of those things. It's really
our state Highway one. It's like a great big pothole
in the middle of the road, isn't it. So you
can all get it in many many ways. But all
these things really should not be happening in a country
like ours, but we've let it get there, and we
need to get it out of there. Brian.

Speaker 2 (04:46):
You're right, Jim, nice to chat mate. You have a
great week, and we'll talk again next week.

Speaker 1 (04:51):
We will, thank you, Brian, and goodbye to the listener.

Speaker 2 (04:53):
Jim Finlay with his weekly Economical