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 [...]
Breathtaking gains in dairy prices in Fonterra’s latest global auction had a feel of a short squeeze with aggressive bids and few offers. In particular, a genuine lack of free containers for maritime transit has hurt spot availability. Chinese buyers returned to the 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 [...]
After spending the last two months in negative territory, global dairy prices surged forward in the latest Fonterra Global Dairy Trade auction on Sep. 15. On decent volume of 33,791 MT of products offered, prices across the complex moved up 3.6 percent, the best [...]
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 [...]
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 [...]
Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]
