GDT results have taken a sharp dive - down 4.3 per cent.
Whole milk powder - which more or less dictates Fonterra's farmgate milk price - is down 8 per cent.
It's all painting a fairly bleak outlook for farmers..
Wayne Langford, Federated Farmers National president, joined Early Edition to discuss the impact of the figures.
LISTEN ABOVE

Andrew Hoggard: Associate Minister for Agriculture on Southland farmers receiving an extension for their freshwater plans
03:32

Luke Bradford: College of GPs President on the number of GP specialist referrals being declined
02:40

Full Show Podcast: 19 May 2026
34:17