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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Milk Auctions fell to 4,021 in May 2026
FMPMonthlyReleased June 2026
New Zealand Milk Auctions fell to 4,021 in May 2026, released June 2026, down 177 from April's 4,198 reading.
Latest Release
4021.000000
Actual
—
Consensus
4198.000000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → 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 3,979.00 in June 2026. The reading fell from the previous value of 4,021.00. Trailing 12-month context per ETL data through June 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Milk Auctions - NZ
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About Milk Auctions — New Zealand
DEFINITION
New Zealand's Milk Auctions fell to 3979 USD in June, missing the previous 4021 USD mark. This decline from May's 4021 USD indicates a continued downward trend in milk prices. Market participants will watch upcoming supply data closely amid this softening. Updated 6/16/26
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 (Jun 2026): actual 3,979. Prior reading (Jun 2026): 3,979. Before that (Jun 2026): 4,021.
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 NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.