Weather continues to support bullish trend in Oceania dairy prices

Results from Mar. 5 GDT auction showed continued resilience for the bullish trajectory of prices out of New Zealand. Across dairy ingredients, prices were up on average 3.3 percent, with particular strength in fat-containing products. Two core export commodities of Fonterra, anhydrous milkfat and whole [...]

Fonterra’s biweekly auction shows continued strength

Fonterra's Feb. 19 Global Dairy Trade auction for dairy products registered its sixth consecutive increase in prices across a broad range of products. Prices continue to trend higher after their early December reversal. Functional dairy protein exhibited strength with a 2.8 percent increase in skim milk powder [...]

Milk production still seeing modest gains despite continued herd declines

USDA’s Feb. 20 report on herd size and production by state showed overall production up 0.5 percent in Q4 compared to the same quarter last year. Herd size continues to decline as culling thinned the herd on both a national and twenty-three state basis. [...]

Come join us for our Spring Market Seminar on April 24, 2019!

Consumer Trends: How changes in consumer behavior impact the ingredients you buy Across the news, lifestyle magazines, and social media, every window we have into the wider world highlights a shift in our taste for what we eat and drink. We could well [...]

Food prices fell further in late 2018

FAO reports that its calendar 2018 food price index fell 3.5 percent from 2017. While the cereals index did rise 9.0 percent, it was the only component to make gains. Meat fell 2.2 percent; dairy, 2.6 percent; oils, 14.7 percent; and sugar, 21.9 percent. [...]

More than 8.0 billion table eggs produced in October

U.S. egg production in October totaled 9.22 billion: 8.04 billion table eggs and 1.18 hatching eggs. Table egg production was up 4 percent year over year and beat the previous record set in August. Processors handled more than 6.4 million pounds of breaking-stock eggs [...]

U.S. processors break more eggs as prices fall

After the rapid decline in U.S. pricing for breaking stock eggs after 2015’s avian flu disaster, pricing shot up again in Q4 2017 and remained elevated through Q1 and Q2 2018. In the summer of 2017, the Netherlands reported finding the insecticide fipronil in eggs, [...]

Fighting over food names, protein edition: Meat & milk

In the food and beverage industry, names matter, particularly for rules on appellations—a fancy name for, well, names. Champagne must come from Champagne. Tequila must be made from Jalisco’s blue agave. It’s no surprise that growers and producers want to protect the cachet of [...]