After peaking in early March, global dairy prices ran into resistance, with sluggish performance over the past two and a half months. This past week’s Global Dairy Trade auction results yielded a modest decline of 0.9 percent, bringing the cumulative performance to a drop of [...]
The August USDA Milk Production report showed an unexpected uptick in the herd, albeit by a nominal 2,000 head, enough to see milk volume up 1.5 percent YOY at 17.8 billion pounds. USDA also revised past statistics, lifting June by 59 million lbs, a [...]
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 [...]
As confirmed coronavirus cases and fatalities mount—mostly but not solely within mainland China—dairy prices eased in the most recent Global Dairy Trade auction falling by nearly 5 percent. Travel restrictions and reduced growth forecasts as a result of the virus are curbing future demand [...]
