GDT held their 15th Pulse Auction today. Highlights from the auction include:
- C2 (Mar ’23) Regular WMP – $3,303/MT, UP 3.2% or $103/MT vs. last week’s GDT Pulse event on 24 January.
- 970MT or 97% of the total 1,000MT on offer was sold. Out of 28 participating bidders (UP 4 bidders vs. prior Pulse), there were 8 winning bidders (NC vs. prior Pulse) over 15 bidding rounds (UP 5 rounds from prior Pulse).
- This event marked the second consecutive increase on Pulse as buyers may have become more aggressive due to volatile weather (drier South Island and excessively wet North Island) that has the potential to have a negative impact on milk supply during the shoulder of their season. Sources in the region say there is plenty of feed around but the stress on cows is becoming evident.
