November 3, 2024 • 5 mins
Weekly economic report.
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Episode Transcript
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Speaker 1 (00:00):
The Country Sport Breakfast with Brian Kelly on gold Sport.
Speaker 2 (00:05):
Jim Filey joining us from Farm Advisors and egg Safe
New Zealand Gym. Morning. What a weekend.
Speaker 1 (00:11):
Absolutely, It's amazing, isn't it. Liam Lawson's done well. The
Black Caps did extremely well and the All Black scrape homes.
So yeah, it was a great weekend.
Speaker 2 (00:22):
Reading your newsletter this week. And you've got a word
of warning there regarding scanning for payments and you were
you went and bought some double A batteries at a
service station.
Speaker 1 (00:33):
Yeah, they actually triple A.
Speaker 2 (00:35):
Yeah.
Speaker 1 (00:35):
I stopped what needed a drink and ice cream? I
was taking my grandson up to that Travis Scott concert
in Auckland better or for worse, and we stopped in
the Marines wall to grab these a few little things.
And they scanned the batteries in and they came up
at fourteen million dollars for the two batteries. This quite really. Yeah,
(00:57):
I'm pleased I didn't put my cart and it would
have bounced.
Speaker 2 (01:00):
Sure, what a fourteen millions?
Speaker 1 (01:02):
So what happened? Well, the girl scanned it again. They
came up at fourteen millions. He got the boss and
then the boss look at and they scanned it and
we came out at fourteen million again, so they took
it to another to the other till and that came
in at the right price. But you know, we're all
very casual. I think about these things, and we just
they scan them through and you pay your money and
(01:23):
the where you go. It really came home to me
how wrong these things can be, because I certainly knew
the two triple A batters are not worth the seven
million dollars.
Speaker 2 (01:34):
No, you did right there, unless they're powering a car
of some kind like a tesla. All right, let's look
at the markets from this past week. How have they been.
Speaker 1 (01:42):
They've been very steady at the present time, Brian, which
is sort of rather nice. I said in between time
again where you know, the grass is sort of growing,
farmers are wanting to keep their stock on to finish
them off, and the new season's lambs haven't come forward
yet really for the market. So yeah, everybody's just sort
of sitting around watching to see what happened. So if
we quickly run through them, our eighteen kg y exlam
(02:03):
in the North Island is seven to fifty five a
kg in the South is seven dollars eighty Our twenty
one KGMX mutton is three dollars in the north and
three dollars in the south. Our P two steer, the
two seventy to two ninety five kg steer is six
seventy five in the north and six seventy in the south.
And our one sixty to one ninety five kg bona
cow is five dollars in the north and four point
(02:23):
fifty in the south. And the bull of two seventy
to two ninety five kg bullweight range is six fifty
in the north and five eighty five in the south,
and our sixty kg stag is eight eighty five in
the north and eight ninety five in the south. And
there's been just a wee bit of upward movement in
the venison market over the last couple of weeks, which
is really sort of quite nice, but it's still not
quite what we have been expecting it to be.
Speaker 2 (02:46):
And I guess all eyes will be on the dairy
products because I think there's a global deary trade auction
this week, isn't there?
Speaker 1 (02:52):
Yes, there is. I thought it was last week actually,
but it is this week. The GDT is coming out
again and it's going to be very interesting to see.
I'm expecting it to be sort of one of those
sort of minus point two of a percent change or
a plus point to two of a percent change, and
I think it's going to be fairly steady. There has
been a little bit of uput and downward movement and
some of the whole milk powder prices around the world,
(03:14):
but in general terms, it's still sort of steady as
it goes at the moment.
Speaker 2 (03:19):
Enjoyed reading your rent this week, although you know you've
priced it pretty pretty well. Apparently, when your head out
to farms and chatting with farmers, they want to know
what's going on in the Middle East and wide, don't they.
Speaker 1 (03:30):
They do. I get asked a lot of questions about
it is you know, what's your take on, because you know,
they're just talking to themselves a lot of the time,
some of the farmers, and you know, they want to
know what other people are thinking out there, and it's
it's an interesting thing. And you know, Trump has made
a big statement that if he gets in, he'll end
the wars sort of tomorrow. But the Middle East War
(03:52):
has really been going on for three or four thousand years.
And the Arabs have been wanting to get rid of
the Jews, and now we've got it sort of multiplied
up a little bit with the Islamic extremists that have
come in. The Isamis came in about six hundred years
after Christianity became popular, so you know, it's a more
(04:12):
recent thing. But they are the ones who have taken
over this destruction of all the Jews. But they also
want to destroy everybody else as well, So I'm not
going to walk away from it very easily at all
at the moment. Bright And it's.
Speaker 2 (04:24):
Having an effect, I mean, not just on us, but
you know around the world right a big effect, isn't it.
Speaker 1 (04:30):
Well, absolutely, wars do all sorts of things. They're actually
quite good for some of the economies because you know,
there's a lot of development that takes place, and there's
a lot of armaments that need to be made. But
it's affecting everything that's sort of going on at the
present time, the transportation of goods around the world, the
(04:50):
oil prices, and everybody's always a little bit sort of nervous.
I think when they think that there's going to be
a war. Some of us can remember back to the
pig stuff in the States was all you know, it
was really sort of quite frightening. And we're almost at
that sort of stage again, I think at the moment.
Speaker 2 (05:06):
Well, as you said, Trump's going to sort it all
out and he'll just you know, shut them all down
when he gets into power. Well, we have to wait
and see on that one.
Speaker 1 (05:12):
Mate.
Speaker 2 (05:12):
Hey, this time next week when we talk, we may
have a result in the US election. So we look
forward to it.
Speaker 1 (05:19):
We certainly will, Brian, and we'll say goodbye and thank
you to the listeners. Thank you.
Speaker 2 (05:23):
Jim Jim Finlay with his weekly economic report Farm Advisors
NEWSIC
The Country Sport Breakfast with Brian Kelly on gold Sport.
Speaker 2 (00:05):
Jim Filey joining us from Farm Advisors and egg Safe
New Zealand Gym. Morning. What a weekend.
Speaker 1 (00:11):
Absolutely, It's amazing, isn't it. Liam Lawson's done well. The
Black Caps did extremely well and the All Black scrape homes.
So yeah, it was a great weekend.
Speaker 2 (00:22):
Reading your newsletter this week. And you've got a word
of warning there regarding scanning for payments and you were
you went and bought some double A batteries at a
service station.
Speaker 1 (00:33):
Yeah, they actually triple A.
Speaker 2 (00:35):
Yeah.
Speaker 1 (00:35):
I stopped what needed a drink and ice cream? I
was taking my grandson up to that Travis Scott concert
in Auckland better or for worse, and we stopped in
the Marines wall to grab these a few little things.
And they scanned the batteries in and they came up
at fourteen million dollars for the two batteries. This quite really. Yeah,
(00:57):
I'm pleased I didn't put my cart and it would
have bounced.
Speaker 2 (01:00):
Sure, what a fourteen millions?
Speaker 1 (01:02):
So what happened? Well, the girl scanned it again. They
came up at fourteen millions. He got the boss and
then the boss look at and they scanned it and
we came out at fourteen million again, so they took
it to another to the other till and that came
in at the right price. But you know, we're all
very casual. I think about these things, and we just
they scan them through and you pay your money and
(01:23):
the where you go. It really came home to me
how wrong these things can be, because I certainly knew
the two triple A batters are not worth the seven
million dollars.
Speaker 2 (01:34):
No, you did right there, unless they're powering a car
of some kind like a tesla. All right, let's look
at the markets from this past week. How have they been.
Speaker 1 (01:42):
They've been very steady at the present time, Brian, which
is sort of rather nice. I said in between time
again where you know, the grass is sort of growing,
farmers are wanting to keep their stock on to finish
them off, and the new season's lambs haven't come forward
yet really for the market. So yeah, everybody's just sort
of sitting around watching to see what happened. So if
we quickly run through them, our eighteen kg y exlam
(02:03):
in the North Island is seven to fifty five a
kg in the South is seven dollars eighty Our twenty
one KGMX mutton is three dollars in the north and
three dollars in the south. Our P two steer, the
two seventy to two ninety five kg steer is six
seventy five in the north and six seventy in the south.
And our one sixty to one ninety five kg bona
cow is five dollars in the north and four point
(02:23):
fifty in the south. And the bull of two seventy
to two ninety five kg bullweight range is six fifty
in the north and five eighty five in the south,
and our sixty kg stag is eight eighty five in
the north and eight ninety five in the south. And
there's been just a wee bit of upward movement in
the venison market over the last couple of weeks, which
is really sort of quite nice, but it's still not
quite what we have been expecting it to be.
Speaker 2 (02:46):
And I guess all eyes will be on the dairy
products because I think there's a global deary trade auction
this week, isn't there?
Speaker 1 (02:52):
Yes, there is. I thought it was last week actually,
but it is this week. The GDT is coming out
again and it's going to be very interesting to see.
I'm expecting it to be sort of one of those
sort of minus point two of a percent change or
a plus point to two of a percent change, and
I think it's going to be fairly steady. There has
been a little bit of uput and downward movement and
some of the whole milk powder prices around the world,
(03:14):
but in general terms, it's still sort of steady as
it goes at the moment.
Speaker 2 (03:19):
Enjoyed reading your rent this week, although you know you've
priced it pretty pretty well. Apparently, when your head out
to farms and chatting with farmers, they want to know
what's going on in the Middle East and wide, don't they.
Speaker 1 (03:30):
They do. I get asked a lot of questions about
it is you know, what's your take on, because you know,
they're just talking to themselves a lot of the time,
some of the farmers, and you know, they want to
know what other people are thinking out there, and it's
it's an interesting thing. And you know, Trump has made
a big statement that if he gets in, he'll end
the wars sort of tomorrow. But the Middle East War
(03:52):
has really been going on for three or four thousand years.
And the Arabs have been wanting to get rid of
the Jews, and now we've got it sort of multiplied
up a little bit with the Islamic extremists that have
come in. The Isamis came in about six hundred years
after Christianity became popular, so you know, it's a more
(04:12):
recent thing. But they are the ones who have taken
over this destruction of all the Jews. But they also
want to destroy everybody else as well, So I'm not
going to walk away from it very easily at all
at the moment. Bright And it's.
Speaker 2 (04:24):
Having an effect, I mean, not just on us, but
you know around the world right a big effect, isn't it.
Speaker 1 (04:30):
Well, absolutely, wars do all sorts of things. They're actually
quite good for some of the economies because you know,
there's a lot of development that takes place, and there's
a lot of armaments that need to be made. But
it's affecting everything that's sort of going on at the
present time, the transportation of goods around the world, the
(04:50):
oil prices, and everybody's always a little bit sort of nervous.
I think when they think that there's going to be
a war. Some of us can remember back to the
pig stuff in the States was all you know, it
was really sort of quite frightening. And we're almost at
that sort of stage again, I think at the moment.
Speaker 2 (05:06):
Well, as you said, Trump's going to sort it all
out and he'll just you know, shut them all down
when he gets into power. Well, we have to wait
and see on that one.
Speaker 1 (05:12):
Mate.
Speaker 2 (05:12):
Hey, this time next week when we talk, we may
have a result in the US election. So we look
forward to it.
Speaker 1 (05:19):
We certainly will, Brian, and we'll say goodbye and thank
you to the listeners. Thank you.
Speaker 2 (05:23):
Jim Jim Finlay with his weekly economic report Farm Advisors
NEWSIC
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