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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Milk Auctions fell to 3,793 in June 2026
FMPMonthlyReleased July 2026
New Zealand Milk Auctions fell to 3,793 in June 2026, released July 2026, down 186 from May's 3,979 reading.
Latest Release
3793.000000
Actual
—
Consensus
3979.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.95 | COMMODITIES | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.75 | FOREX | Moves against | → View |
| NZD/JPY | ▼ Inverse | −0.71 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.58 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.52 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Milk Auctions (New Zealand) was reported at 3,793.00 in July 2026. The reading fell from the previous value of 3,979.00. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 4,103.67, ranging from 3,793.00 to 4,330.00 across 6 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3,931.00, down from the prior three at 4,276.33.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD).
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026. Same-country events in the next 14 days include Employment Change QoQ (Aug 4) and Unemployment Rate (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Milk Auctions - NZ
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About Milk Auctions — New Zealand
DEFINITION
New Zealand's Milk Auctions for July registered an actual value of 3793, down from June's 3979, marking a continued decline. The July figure reflects a contraction in auction prices compared to the previous month. Market participants will watch for further signals from upcoming dairy sector data and central bank commentary. Updated 7/9/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 3,793. Prior reading (Jun 2026): 3,979. Before that (Jun 2026): 3,979.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.95) — a useful reference for commodities-focused traders.
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Economic Calendar - NZ Events
| Sunday, August 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Building Permits MoM | -4 | -2.3 | -2.30 | Low | |