November 24, 2024 • 5 mins
Weekly economic report.
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Episode Transcript
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Speaker 1 (00:00):
From the cricket field to the cow shed.
Speaker 2 (00:02):
It's the Country Sport Breakfast with Brian Kelly on Gold Sport,
joining us out of Farm Advisors and egg Safe New
Zealanders Jim for late morning Gym.
Speaker 1 (00:11):
And good morning Brian.
Speaker 2 (00:13):
You would have enjoyed your weekend of rugby with the
All Blacks scrappy win to end their season.
Speaker 1 (00:19):
Oh absolutely, it was not very exciting at already. But
there's going to mark. You know, the Italians had absolutely
nothing to lose and they just went out there and
gave it. Gave it to them really, but you know
they all Blacks. They looked tired, which they shouldn't be.
You know, they fly over they probably first class and
live in good hotels and get pampered. You know, they
(00:40):
just can't have the pace these days.
Speaker 2 (00:42):
They didn't like the cold though, it was a bit.
Speaker 1 (00:43):
Nippy apparently, so yet poor boys.
Speaker 2 (00:49):
Well let's look a good week on the dairy front again.
I don't think anybody saw that lift of one point
nine percent coming.
Speaker 1 (00:55):
Did they? No, they didn't, I think Brian. It was
it was out about. Yeah, there was some talk around
it going up sort of massive amounts and other saying
was coming down they built it sort of reached a
bit of a high point. But yeah, the one point
nine percent lift was really, I think, very good and
underpins where the recent payouts and forecasts and things are
(01:16):
sitting at the present time. The good one was at
the whole milk powder it went up three point two percent,
so it's pretty good as heading up to sort of
three eight hundred and fifty dollars a ton, which is
the US dollars, which is really I think, you know,
sort of pretty good for dairy prices and things, heading
into the peak of the season and looking sort of
out into the future a little bit, I think it's
(01:37):
looking pretty strong.
Speaker 2 (01:38):
No doubt your dairy farmers did you come in contact
with during your weekly travels around the farms will be
quite happy.
Speaker 1 (01:45):
They certainly are. The change and the payout schedules that
they've got are making a huge difference to their cash flows.
And yeah, it's all sort of pretty good, but they've
got to be very careful about what they do with it,
because some of them could end up with some big
tax bills, while others will go out and buy a
whole of a new bits and pieces of plant and equipment,
which of course will set the markets all going around
(02:05):
for Christmas. You know, if you go and buy your
new Toyota Highlucks and things, the person down at the
car sales he'll get some more money and it'll really
start percolating through the economy.
Speaker 2 (02:15):
Yeah, and have a good flow on a pick all right,
rest of the Sheetuels lamb Mutton. How are they looking
for the wig?
Speaker 1 (02:21):
Right? They're all sort of pretty steady at the present time.
Of course, it's like that with the dollar dropping a weaver.
It's you put a little bit of uncertainty in some
of the markets, I think Rudy Bryant. So if we
look at our eight en kg y exam, it's seven
dollars seventy five in the North Island and seven dollars
eighty in the South. The twenty one kgmx mutton is
three fifty in the North and three dollars at twenty
(02:43):
in the South Island. Our P two steer, the two
seventy to two ninety five kg steer is six dollars
seventy five in the North and six sixty in the South.
Our bona cow the one sixty to one ninety five
kg is five dollars in the north and four seventy
five in the south, and our two seventy to two
ninety five kg evol is six sixty in the north
and six forty five in the south, and how sixty
(03:04):
kg stag is still very steady at eight eighty five
in the north, at eight ninety five in the South Island.
Speaker 2 (03:09):
Bryan, all right, always enjoy weeding, your reading, your weekly rent.
And this week it's all about the copped meeting in Baku.
Speaker 1 (03:18):
Absolutely, one of the interesting things is that Abadaijan or
how yezaiden Bakhu, it's made all this money out of
selling oil, and it's apparently a very very wealthy small
country somewhere sort of down there in the lowest Soviet areas.
But the president of this opening speech got up and
embarrassed them all by saying that selling fossil fuels, they
(03:40):
should not be embarrassed by doing that, as the fossil
fuels will gift from God along with a couple of
other natural resources. Well, I think that said old Antoni
and Guitara sort of in a little bit of a
tail spin, and some of the others, and they've had
to deal with that on their way through.
Speaker 2 (03:54):
Bryan and of course there's hundreds of private jets all
parked on their at their runway over there with all
these people at the conference.
Speaker 1 (04:00):
Oh absolutely, they're all doing exactly what they say. They're
not doing it. It's an absolute nonsense. It ended up
carrying on for an extra day, which I didn't finish
till sort of yesterday, so I couldn't sort of put
that in my little commentary about it because I didn't know.
But they couldn't come to an agreement about what they
were doing. But basically, they're going to be putting over
two or three trillion dollars that's trillions into the developing
(04:24):
countries over the next sort of ten years, and no
one knows where that money is coming from and where
it's going to and what it's actually going to be
used war, And there's just a huge amount of dissension.
And again the comment is that you know, this is
the twenty ninth one and they still haven't made any headway,
So how many more are they going to have?
Speaker 2 (04:42):
It's a giant party to get together to have a boozer, basically,
isn't it.
Speaker 1 (04:48):
I think so? And then we get the likes of
the USA, they're going to pull out. China and India
and Russia don't do anything about it, and it's really
the whole thing is just a fast but it costs
a lot of money. And actually the serious side of
it is that this carbon trading is actually costing New
Zealand and it's going to cost the world a hell
of a lot of money to absolutely achieve nothing. And
(05:11):
you know it's time someone woke up and if our
government could join in with Old Trumpy and pull out,
it would be the best thing they've ever done.
Speaker 2 (05:19):
Absolutely. Jim always good to catch up, mate, have a
great week and we'll talk next week.
Speaker 1 (05:23):
Good thank you, Brian, and goodbye to the listeners.
Speaker 2 (05:25):
Jim Finlay with these weekly economic Report, Farm Advisors and
egg Safe Museum
From the cricket field to the cow shed.
Speaker 2 (00:02):
It's the Country Sport Breakfast with Brian Kelly on Gold Sport,
joining us out of Farm Advisors and egg Safe New
Zealanders Jim for late morning Gym.
Speaker 1 (00:11):
And good morning Brian.
Speaker 2 (00:13):
You would have enjoyed your weekend of rugby with the
All Blacks scrappy win to end their season.
Speaker 1 (00:19):
Oh absolutely, it was not very exciting at already. But
there's going to mark. You know, the Italians had absolutely
nothing to lose and they just went out there and
gave it. Gave it to them really, but you know
they all Blacks. They looked tired, which they shouldn't be.
You know, they fly over they probably first class and
live in good hotels and get pampered. You know, they
(00:40):
just can't have the pace these days.
Speaker 2 (00:42):
They didn't like the cold though, it was a bit.
Speaker 1 (00:43):
Nippy apparently, so yet poor boys.
Speaker 2 (00:49):
Well let's look a good week on the dairy front again.
I don't think anybody saw that lift of one point
nine percent coming.
Speaker 1 (00:55):
Did they? No, they didn't, I think Brian. It was
it was out about. Yeah, there was some talk around
it going up sort of massive amounts and other saying
was coming down they built it sort of reached a
bit of a high point. But yeah, the one point
nine percent lift was really, I think, very good and
underpins where the recent payouts and forecasts and things are
(01:16):
sitting at the present time. The good one was at
the whole milk powder it went up three point two percent,
so it's pretty good as heading up to sort of
three eight hundred and fifty dollars a ton, which is
the US dollars, which is really I think, you know,
sort of pretty good for dairy prices and things, heading
into the peak of the season and looking sort of
out into the future a little bit, I think it's
(01:37):
looking pretty strong.
Speaker 2 (01:38):
No doubt your dairy farmers did you come in contact
with during your weekly travels around the farms will be
quite happy.
Speaker 1 (01:45):
They certainly are. The change and the payout schedules that
they've got are making a huge difference to their cash flows.
And yeah, it's all sort of pretty good, but they've
got to be very careful about what they do with it,
because some of them could end up with some big
tax bills, while others will go out and buy a
whole of a new bits and pieces of plant and equipment,
which of course will set the markets all going around
(02:05):
for Christmas. You know, if you go and buy your
new Toyota Highlucks and things, the person down at the
car sales he'll get some more money and it'll really
start percolating through the economy.
Speaker 2 (02:15):
Yeah, and have a good flow on a pick all right,
rest of the Sheetuels lamb Mutton. How are they looking
for the wig?
Speaker 1 (02:21):
Right? They're all sort of pretty steady at the present time.
Of course, it's like that with the dollar dropping a weaver.
It's you put a little bit of uncertainty in some
of the markets, I think Rudy Bryant. So if we
look at our eight en kg y exam, it's seven
dollars seventy five in the North Island and seven dollars
eighty in the South. The twenty one kgmx mutton is
three fifty in the North and three dollars at twenty
(02:43):
in the South Island. Our P two steer, the two
seventy to two ninety five kg steer is six dollars
seventy five in the North and six sixty in the South.
Our bona cow the one sixty to one ninety five
kg is five dollars in the north and four seventy
five in the south, and our two seventy to two
ninety five kg evol is six sixty in the north
and six forty five in the south, and how sixty
(03:04):
kg stag is still very steady at eight eighty five
in the north, at eight ninety five in the South Island.
Speaker 2 (03:09):
Bryan, all right, always enjoy weeding, your reading, your weekly rent.
And this week it's all about the copped meeting in Baku.
Speaker 1 (03:18):
Absolutely, one of the interesting things is that Abadaijan or
how yezaiden Bakhu, it's made all this money out of
selling oil, and it's apparently a very very wealthy small
country somewhere sort of down there in the lowest Soviet areas.
But the president of this opening speech got up and
embarrassed them all by saying that selling fossil fuels, they
(03:40):
should not be embarrassed by doing that, as the fossil
fuels will gift from God along with a couple of
other natural resources. Well, I think that said old Antoni
and Guitara sort of in a little bit of a
tail spin, and some of the others, and they've had
to deal with that on their way through.
Speaker 2 (03:54):
Bryan and of course there's hundreds of private jets all
parked on their at their runway over there with all
these people at the conference.
Speaker 1 (04:00):
Oh absolutely, they're all doing exactly what they say. They're
not doing it. It's an absolute nonsense. It ended up
carrying on for an extra day, which I didn't finish
till sort of yesterday, so I couldn't sort of put
that in my little commentary about it because I didn't know.
But they couldn't come to an agreement about what they
were doing. But basically, they're going to be putting over
two or three trillion dollars that's trillions into the developing
(04:24):
countries over the next sort of ten years, and no
one knows where that money is coming from and where
it's going to and what it's actually going to be
used war, And there's just a huge amount of dissension.
And again the comment is that you know, this is
the twenty ninth one and they still haven't made any headway,
So how many more are they going to have?
Speaker 2 (04:42):
It's a giant party to get together to have a boozer, basically,
isn't it.
Speaker 1 (04:48):
I think so? And then we get the likes of
the USA, they're going to pull out. China and India
and Russia don't do anything about it, and it's really
the whole thing is just a fast but it costs
a lot of money. And actually the serious side of
it is that this carbon trading is actually costing New
Zealand and it's going to cost the world a hell
of a lot of money to absolutely achieve nothing. And
(05:11):
you know it's time someone woke up and if our
government could join in with Old Trumpy and pull out,
it would be the best thing they've ever done.
Speaker 2 (05:19):
Absolutely. Jim always good to catch up, mate, have a
great week and we'll talk next week.
Speaker 1 (05:23):
Good thank you, Brian, and goodbye to the listeners.
Speaker 2 (05:25):
Jim Finlay with these weekly economic Report, Farm Advisors and
egg Safe Museum
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