California Dairy Industry Hasn’t Escaped Damage from Storms
11:21 | 20/01/2023
The nine consecutive storms, or atmospheric rivers, that have battered California, spurred by what meteorologists call a bomb cyclone, have not left California’s dairy industry unscathed. As of last week, neither milk production nor milk deliveries had been disrupted, but another storm and runoff from the Sierra Nevada mountains could change that.
Fonterra to implement new capital structure
15:30 | 27/11/2022
New Zealand dairy giant Fonterra Co-operative Group Ltd said on Friday it would implement its new capital structure, intended to make it easier for new farmers to join the co-operative, in late March next year, according to Reuters.
Bunge to buy 49% of France's BZ Group
22:48 | 22/11/2022
Agricultural commodities trader Bunge agreed to buy 49% of France's BZ Group, a move that will support the expansion of BZ Group's silo facility in Rouen, the largest cereal export terminal in Western Europe, the companies said on Tuesday.
China’s Appetite for Consumer Dairy Products Grows
21:48 | 30/10/2022
China’s economic growth has slowed dramatically from pre-pandemic gains as the country continues to implement Covid restrictions. China’s appetite for some dairy products, however, has grown as consumers look to value-added products and the country’s pork industry recovers following devastating outbreaks of African swine fever that began in 2018.
Milk Fat vs. Milk Yield: Which is More Profitable?
23:41 | 25/10/2022
Butter prices have reached historic levels this year, pushing the value of component prices higher as well. As the monetary worth of milk fat grows, so does the pay price for the per hundredweight of milk. But what number is more important for a dairy farm’s income – milk fat percentage or milk yield? Donna Amaral-Philips, an extension dairy educator for the University of Kentucky, weighs in.
Weekly global protein digest: USDA raises all-milk price forecasts for 2022 and 2023
23:35 | 25/10/2022
Analyst Jim Wyckoff shares an update on the US futures market, USDA reports and global protein news
No EU milk production recovery in 2023 - report
13:20 | 14/10/2022
EU milk production is not expected to recover in 2023, according to the European Commission's most recent short-term outlook. Feed quality and availability and the heat body stress impacted negatively also milk fat and protein content. From January to July, they recorded even stronger drops than the production (-1.2% in both cases, while EU milk deliveries dropped by 0.5%). This implies a lower availability of milk solids for processing, and thus contributing to an already worsened dairy production outlook.
December Milk Price Futures Start to Look Concerning
13:18 | 14/10/2022
Thursday’s spot dairy auction was a mixed bag. Block cheese gained a quarter of a penny to $2.0550/lb. Barrel cheese was up 1.50 cents to $2.2150. Whey increased 3.25 cents to $0.4425. Butter held still at $3.1850. Nonfat Dry Milk fell 2.50 cents to $1.50/lb.
U.S. Labor Dept. Adopts Rule to Improve Conditions for Immigrant Farmworkers
17:52 | 10/10/2022
The U.S. Department of Labor on Thursday announced a final rule aimed at improving living conditions for temporary immigrant farmworkers housed in hotels or other short-term rentals and streamlining the process for businesses to participate in the program.
2022 EU milk collection growth negative
17:49 | 10/10/2022
Hot and dry weather limited forage availability, quality
