Today The Country reports on the "udderly" exciting news that dairy prices shot up by 4.9 per cent at this morning's GlobalDairyTrade (GDT) auction.

On with the show:

Ben Noll:

NIWA's weather forecaster chats about the Big Dry affecting many areas and why warm seas could make for a potentially active February!

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Mike Petersen:

New Zealand's Special Agricultural Trade Envoy says Mycoplasma bovis is creating two store markets for cattle, with many North Island farmers unprepared to buy store stock from the South Island.

David Shaw:

We head 'back to the future' to the 1980s to talk to a South Otago farmer who didn't give up on goat farming and hopes to lead the renaissance of the cashmere fibre industry.

Miles Hurrell:

Fonterra's COO Farm Source reviews last night's very positive GDT auction (+ 4.9%) which also saw WMP rise by 5.1% and butter prices up by a whopping 8.8%.

Dr Tim Mackle:

The chief executive of Dairy NZ talks about a good GDT auction, some dry weather and the dairy industry's response to M. bovis.

Listen below: