Global dairy strength propping up domestic market

In Fonterra Global Dairy Trade online auction events of the last two months, prices for dairy products have surged just over 16 percent. Last week’s event was no exception, with prices advancing up an impressive 4.8 percent overall. Category leaders included anhydrous milkfat (up [...]

FAO food price index up 3.6% in 2020

FAO reported the world food price index for 2020 up 3.6 percent from 2019 (adjusted for inflation). This follows a modest annual increase of 1.4 percent in 2019 after the price index hit a 12-year low in 2018. The key subindexes showing growth in [...]

November milk production blows away estimates

USDA milk production report this past week showed numbers through November across all fifty states ending on a high note for the year. Dairy herd rose by 12,000 head from last month is now 46,000 head above the level at the start of the [...]

World food prices up 6.5%

FAO’s Food Price Index (FPI) for October was up 3.1 percent from the previous month. Year on year, the October FPI was up 6.5 percent. (All figures are adjusted for inflation; the index baseline comes from 2014 to 2016 prices.) Nearly all the price [...]

Global dairy prices sink as second COVID-19 hits Europe & U.S.

Nervous traders backed away from dairy markets this past week as concerns grew about faltering demand and renewed shutdowns across Europe. As cases rapidly rose, sometimes to highs for the year, France and UK announced closures and shutdowns to gain some control over the [...]

Food Price Index rises for second month

Adjusted for inflation, the September FAO Food Price Index was reported up 2 percent from August and up under 6 percent YOY. This is the fourth straight month of monthly gains but only the second straight month of YOY gains. Month on month, most [...]

USDA October dairy reports shows September milk production up 2.4%

National herd recovery continued in September with milking cows up 6,000 head over August and up 46,000 year on year for the 24-state average. Milk yield was good, registering 36 lbs above September 2019, and total milk production increased 2.4 percent above prior year’s [...]

Load More Posts