June Milk Production Report shows decline in production

June may be National Dairy Month, but last week’s USDA Milk Production Report showed drops in both U.S. dairy herd and total milk output compared to the prior month. Milk production in the 24 major states was down 1.0 percent, showing the first yield [...]

Mixed result in most recent Global Dairy Trade auction

The June 2 event on Fonterra’s Global Dairy Trade platform yielded mixed results with powder categories rising while butterfat-laden products fell. The biggest increases were seen in buttermilk powder (up 9.4 percent) and whole milk powder that rose 2.1 percent. Skim milk powder was [...]

FAO’s Food Price Index at 17-month lows

FAO reports that its Food Price Index (FPI) fell in May for the fourth consecutive month, bringing the Index to its lowest level since December 2018, a 17-month low. Adjusted for inflation, May’s FPI fell 2 percent from April and was down 6 percent [...]

Butter prices strengthen despite building stocks

After a $0.90 per lb collapse for cash butter during Q1—brought on by building inventories and declining restaurant and food service demand in the wake of COVID-19—pricing has rallied by 20 percent over the past 30 days. This may be a signal that prices [...]

Plant-based eggs, coming to a foodservice outlet near you…

While the alternative egg movement is not as well known or profitable as alternative meats, there is still plenty of opportunity to reap in the plant-based egg business. Eat JUST, Inc. (JUST) makes mung-bean-based egg liquid and frozen alternatives. Recently JUST and Michael Foods, [...]

One-two punch leaves dairy down for the count

Apr. 21 saw two bits of fresh news that left no doubt of continued pain for the dairy sector, with Fonterra’s GDT auction results down 4.2 percent followed by USDA’s milk production report showing continued growth in milk production in a market already woefully [...]

FAO Food Price Index down for a second month

FAO’s Food Price Index for March 2020 fell 4 percent from February (adjusted for inflation). The Price Index for March was still up 2.7 percent YOY, though that is the lowest monthly YOY increase in seven months. For 2020 to date, the Food Price [...]

COVID-19 hits U.S. meat & dairy sectors

The nation’s massive effort to contain the spread of the coronavirus has led to a precipitous drop in consumption in the food service, restaurant, and hotel sectors while boosting at-home consumption, all of which is disrupting traditional market channels. As people adjust to stay-at-home [...]

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