After competing in the 2018 Sprint Accelerator and winning last fall’s Foodbytes! competition in NYC, SomaDetect is cementing its future with significant funding.
Nestlé, Lactalis and Danone continue leading the global dairy industry, but could see some shakeups in the future, according to a new analysis from Rabobank.
This summer, the Dairy Business Association (DBA) has hosted ‘policy picnics’ in collaboration with the Edge Dairy Farmer Cooperative. The member events brings together the dairy community during a time of economic stress.
Chill-N Nitrogen Ice Cream this month launches its national franchise program to expand the brand beyond south Florida. It was one of the first nitrogen ice cream concept stores in the US when it opened in 2012.
A $16bn aid package for US farmers was first announced in May. Last week Secretary Sonny Perdue gave more details about how and when the funding will be divided up.
Mexican dairy producer Grupo Lala's 2019 second quarter sales netted 14,467m pesos ($758m) in Mexico, a 3.9% increase from Q2 2018. The company cited “innovation and an improved mix” of its ‘value-added dairy’ offerings as reason for the jump.
In late June the Dairy Farmers of America (DFA) started a merger with St. Albans Cooperative Creamery. It also held the Demo Day for six agriculture and dairy startups in its third annual accelerator.
Saputo Inc. reported its latest fourth quarter and fiscal year results, ending March 31. It completed a series of acquisitions last year that contributed to higher revenue, while low cheese prices and struggles with the Canadian dollar hurt overall earnings.
US President Donald Trump and US Secretary of Agriculture Sonny Perdue announced ‘several actions’ to help farmers in the wake of the recent trade war with China, including $16bn in aid.
Vice President Mike Pence visited Wisconsin last week to discuss the pending US Mexico Canada Agreement (USMCA) and engage with leaders in dairy and other agriculture industries.
As US President Donald Trump has escalated the trade tariffs spat with China, there are fears US dairy may be negatively impacted by tariff negotiations from all sides.
In the first quarter of 2019, US dairy production and exports were down compared to Q1 2018, particularly in the midwestern states. Globally, dairy is still dominated by a few key players and facing challenges from African Swine Fever.
After announcing that it may drop its flagship dairy brand last August, Kroger sold Turkey Hill to Peak Rock Capital earlier this year. The agreement was completed this week for $215m.
Food giant General Mills is making a commitment to sustainability and clean power by covering the electricity at its US facilities with renewable wind energy. It has signed a 15-year power purchase agreement with Roaring Fork Wind, LLC.
The Dairy Business Association (DBA), an organization of the Wisconsin dairy community, outlined its legislative and budget priorities for 2019-2020 at a Dairy Day this month, taking place at the Capitol in Madison.
The first quarter of the year is coming to a close, and Rabobank has released Q1 2019 numbers from its Dairy Quarterly report. The world’s largest exporters of dairy have stalled in year-over-year milk supply growth, but the US is experiencing a mixed...
Last week President Donald Trump announced plans to close the southern US border, effectively ending trade with Mexico. He has since changed his mind and now given Mexico ‘a one-year warning’ with further threats of tariffs.
Ornua, producer of the Kerrygold brand, released its full-year 2018 results that showcased a strong performance in its key European and US markets. It also broke ground on a cheese facility in Spain and prepared for potential fallout from the Brexit deal....
Peak Rock Capital has signed an agreement to acquire the Turkey Hill Dairy business from The Kroger Co., known for ice cream, refrigerated drinks and other dairy products. It marks Peak Rock’s eighth current investment in the food and beverage industry.
After a disappointing 2018 for Dean Foods, it revealed last month that it was considering a sale. Investment management firm Bernstein has announced that it is “discontinuing coverage of Dean Foods (DF) due to the stock's diminished market cap and...
US Food and Drug Administration (FDA) Commissioner Scott Gottlieb signed a resignation letter Tuesday with intent to leave the role in one month. He has served as Commissioner for nearly two years and been pivotal in the recent plant ‘milk’ vs. dairy...
Grupo Lala announced this week that it reached a deal with Blue Diamond Growers to distribute Blue Diamond Almond Breeze almond beverages in Mexico. It also released fourth-quarter and full-year financial reports from 2018.
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Glanbia plc released its 2018 financials this week, revealing growing profits on the back of a few high-profile acquisitions. The nutritional ingredients and dairy business is dipping into the non-dairy sector and reorganizing its board of directors in...
In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
The Dairy Farmers of Washington (DFW) has reported that more than 1,600 cows perished during an unusually heavy snowstorm in the Yakima Valley region of Washington State. The significant loss further burdens an already-struggling industry.
The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products.
The US government’s partial shutdown has entered its fifth week without a compromise in sight. Dairy farmers, producers and consumers alike are being impacted by the USDA’s and FDA’s limited resources in the interim.
In a letter penned to President Donald Trump, the American Dairy Coalition (ADC) detailed the current dairy crisis hoping to stop the “hemorrhaging of the US dairy industry.”
Machinery from a high volume fluid milk jug plant in southern Florida is up for auction this week, including milk silos, homogenizers and processors. Auctioneers New Mill Capital will oversee the online sale, open to all global customers.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.
Rabobank has published its Dairy Q4 Quarterly report, which states the US saw just 1% growth in milk production in 2018, the lowest year-on-year (YOY) growth since 2013. Milk production was also down in the EU and Australia last year, but rose in New...
The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...
The US is close to passing a landmark $867bn farm bill after months of negotiation and compromise. It has already passed the Senate and the House and is expected to be signed into law by President Donald Trump within the coming days.
Just two months after Agropur announced it will close its goat cheese-producing plant in Saint-Damase, it has engaged in discussions with Quebec Goat Milk Producers about an undisclosed deal.
After months of back-and-forth and a tumultuous summer of trade disputes between the US, Canada and Mexico, the three North American nations have officially signed the US Mexico Canada Agreement (USMCA), dismantling the previous North American Free Trade...
Dean Foods posted a loss of 28 cents per share, or $26.4m in its third quarter. It also closed and consolidated seven manufacturing facilities within six weeks, racking up ‘significant transitory costs’ that are expected to continue.
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
Saputo Inc. announced Friday that it will acquire F&A Dairy Products Inc. for $85m, including two manufacturing facilities and approximately 170 employees.
The number of dairy operations in the US has been declining over the past 20 years; the state of Wisconsin alone has lost more than 2,200 dairy farms in the past five years.
