The dairy sector's upbeat heading into the new year. 

Dairy prices are up 1.4% at the latest Global Dairy Trade auction, while Fonterra's still predicting farmgate milk prices to reach a record $10.50 midpoint this year. 

New Zealand's milk production in 2024 was also the highest in five years. 

Fonterra co-operative council chair, John Stevenson told Ryan Bridge it's looking really positive from an on-farm perspective. 

He says supplementary feed supplies, silage, and crops have had a good start to summer. 

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