Dairy prices advance as U.S. herd recedes

Key industry reports released this past week provided additional fuel to bulls in dairy, bolstering prices. Domestically, the milk production report surprised many with a significant reduction to last month’s August estimate of herd and a further decrease for the current month. In total, [...]

September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Culling limits milk supply growth

Four months into this contraction phase for output, the U.S. dairy herd has fallen by nearly 30,000 head, with the bulk of the reductions seen for the largest 24 producing states. The falling herd left August milk output up a somewhat disappointing 1.1 percent [...]

Sugar index leads gains in August rebound of Food Price Index

Adjusted for inflation, FAO’s Food Price Index (FPI) rebounded strongly in August after slight declines in June and July. These two down months, however, followed a full year of monthly gains. Source: FAO Among the subindexes, sugar saw the most significant gains in August. [...]

Rising container freight rates curdles U.S. milk exports

An increasingly common complaint of shippers lately has been availability and pricing for export containers. Many lanes, in particular those to the Far East, have risen dramatically by as much as 300 percent over the past three years, and finding sufficient empty containers is [...]

Global dairy markets coming back to life for a fall rally?

With prices down some 15 percent in the second quarter and early in the third quarter, global appetite for dairy products looks to be heating up again. In Fonterra’s Sep. 7 Global Dairy Trade auction, pricing surged a whopping 4 percent, with all product [...]

First positive results from Global Dairy Trade auction in months

The Aug. 17 Fonterra Global Dairy Trade (GDT) auction showed the first gain in overall product prices since April, albeit only a modest 0.3 percent increase. Butter (+4.0 percent) and cheddar cheese (+2.8 percent) saw the strongest gains, with 180 active bidders and 22,543 [...]

Load More Posts