30 To 1 Payout
Fonterra has raised its forecast farmgate milk price for the current dairy season for the second time in as many months.
- The revised EEO-1 form will require employers to report wage information from Box 1 of the W-2 form and total hours worked for all employees by race, ethnicity and sex within 12 proposed pay bands.
- To encourage customers to pay earlier than the prescribed 30 days, some suppliers offer discounts, such as “2.5% 10, net 30,” which can also be written as “2.5/10, net 30.” What this means is the full amount is still payable within 30 days. But the client only needs to pay 97.5% of the amount, if.
Fonterra forecasts payout will drop by up to 50 cents a kg Photo: RNZ / YouTube
The dairy giant now expects to pay farmers between $7.30 and $7.90 per kilogram of milk solids, which is a 40 cent increase on the previous guidance it issued in February.
The midpoint of $7.60 would be the second highest payout to farmers in the co-operative's history.
Thus even odds 1/1 are quoted in decimal odds as 2.00. The 4/1 fractional odds discussed above are quoted as 5.00, while the 1/4 odds are quoted as 1.25. This is considered to be ideal for parlay betting, because the odds to be paid out are simply the product of the odds for each outcome wagered on. When looking at decimal odds in betting terms.
How To Read Betting Odds
Fonterra chief executive Miles Hurrell said the revised payout is the result of global dairy trade prices increasing by 15 percent in the past week.
He said there had been strong, consistent demand for New Zealand dairy products from China, and to a lesser extent markets across South East Asia and the Middle East.
'China's strong economic recovery, following the initial impact of COVID-19, is flowing through to strong demand for dairy and we've seen this through sales during the Chinese New Year.
'China's local milk supply is being used in fresh dairy products and they are looking to us to provide longer-life dairy products - in particular, whole milk powder which has a big influence on the forecast farmgate milk price.
However, there were still risks that could the final payout towards the lower end of the range.
'For example, the EU and US are heading into their season and their milk supply will start increasing, the impacts of Covid-19 on key markets and market volatility.'
Hurrell said the current midpoint would put pressure on the co-operatives input costs, which would affect its earnings in the second half of the financial year.
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People in Tampa Bay are still celebrating the Bucs’ Super Bowl win on Sunday night but for the rest of the NFL, it’s time to start looking ahead to next season. Every team, especially the Pittsburgh Steelers, wants to be where the Bucs are and so all attention is on figuring out the formula.
How hard will it be for the Steelers to regroup and get back on track? According to BetMGM, it’s going to be a long shot. Literally. Pittsburgh opened with 30/1 odds to win Super Bowl LVI next season.
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The Steelers looked like Super Bowl contenders last season for the first 11 games. They rattled off 11 straight before the bottom fell out. Everything that could go wrong did, and the Steelers finished the regular season 1-5. Their AFC North title was a sham and they proved it when they got drummed at home in the first round of the playoffs by the Cleveland Browns.
If Pittsburgh is going to be a serious contender next season, there is much work to be done. Right now, the Kansas City Chiefs are the favorites to go back to the Super Bowl at 6/1, despite getting whooped by the Bucs on Sunday. The longest of long shots right now are the Jacksonville Jaguars at 100/1.