Fonterra's lowered this season's forecast milk payout following the recent drop in global dairy prices.&nbsp; The midpoint has dropped from $9.75 to $9.25 – well below the $9.70 payout currently forecast for last season.&nbsp; Prices at Global Dairy Trade auctions have fallen 11% since the opening forecast was announced in May.&nbsp; Fonterra CEO Richard Allen told Mike Hosking demand has been softer than anticipated, while production —globally and in New Zealand— has been very strong.&nbsp; He says overall demand is still there, it’s just not quite as strong as they thought it was going to be.&nbsp; LISTEN ABOVE&nbsp;See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Scott Dixon: Kiwi IndyCar driver on his move from Chip Ganassi to Arrow McLaren

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