The US is producing and exporting more skim milk powder (SMP) than ever - but at the expense of nonfat dry milk (NDM). DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss, explains...
Arla Foods hopes to “maximise the value” of British milk through the sale of skim milk powder from one of its UK processing sites on the GlobalDairyTrade international dairy commodity auction platform.
US milk consumption has been steadily declining since the mid 1970s. But why? DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss, examines the factors driving the decrease and the industry efforts to reverse the trend.
While Mexico remains the largest export market for US dairy products, shipments to Asia and other emerging markets are on the up. Here, DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss, pinpoints the categories and...
US cheese inventories are finally showing signs of a return to "historical levels." According to MilkPrice blogger, John Geuss, this can almost certainly be attributed to an increase in exports, but the unavailability of export data as a result...
EXCLUSIVE INTERVIEW WITH IRISH AGRICULTURE MINISTER
Enda Kenny, Ireland’s Prime Minister, and Simon Coveney, the Irish Minister for Agriculture said the country will take advantage of changes to Europe’s CAP (Common Agricultural Policy) which will allow increased dairy production.
Slowing dairy sales growth in Brazil and India during Q2 2013 means that reforms and infrastructure upgrades are likely necessary to reignite such emerging markets, according to Rabobank.
Forecast butter and milk powder shortages could limit the EU’s ability to keep up with domestic and global demand, according to chocolate and confectionery trade group CAOBISCO.
Despite US cheese inventories remaining "above historic levels", cheese prices, and as a result milk protein prices, increased in August. But why? DairyReporter.com's US dairy commodities expert and MilkPrice blogger, John Geuss, explains.
Protein development is "very important" for the economic health of the US dairy producer, according to MilkPrice blogger, John Geuss. In this, the final installment of his four-part special on US dairy commodities, Geuss discusses the importance...
Do you know what drives the price of cheese in the US? Domestic consumption? Export demand? In this, the second installment of his four-part special on the US dairy commodities system, MilkPrice blogger John Geuss examines the factors that determine the...
Do you know your advanced pricing from your component pricing? In this, the first installment of a four-part special on the US milk payment system, MilkPrice blogger John Geuss explains the huge role played by the US government in controlling the country's...
High US cheese and butter stocks continued to impact commodity prices in July 2013, driving down the cost of milk protein, milk fat, and Class III milk. Until these inventory levels are reduced, the price of the affected commodities will continue to suffer,...
US cheese and butter inventories remained high last month, driving down the overall price of the commodities. If not reduced, these stocks will "weigh heavily" on future dairy prices, US dairy commodities expert and MilkPrice blogger John Geuss...
The National Milk Producers Federation’s (NMPF) has approved a resolution opposing any Trans-Pacific Partnership (TPP) agreement which does not substantially dissolve Canadian protections against US dairy imports.
Class III milk prices hit their highest point of the year so far in May 2013 on the back of "escalating" cheese prices. US dairy commodities expert and MilkPrice blogger, John Geuss, has warned, however, that milk prices will drop if high cheese,...
Class III milk prices jumped in April on the back of a "significant escalation" in NASS cheese prices. US dairy commodities expert and MilkPrice blogger, John Geuss, gave DairyReporter.com an update of US dairy price movements...
Global food prices increased in March on the back of an 11% New Zealand-driven “surge” in global dairy prices, the Food and Agriculture Organisation of the United Nations (FAO) has revealed.
Class III milk prices continued to fall in March 2013 despite a slight decrease in US cheese, dry whey, and butter inventories during the month. According to US dairy commodities expert and MilkPrice blogger, John Geuss, any "real recovery" in...
US butter and butterfat prices fell in February 2013 on the back of rising US butter inventories - a build up that has been attributed to increased production and flat export growth. But there is a solution.... US commodities expert and MilkPrice blogger,...
Cheese inventories remained high going into February as a result of an exports slowdown at the end of last year. Stocks must be depleted before milk prices can improve. But how long will that take? US commodities expert and MilkPrice blogger, John Geuss,...
Class III milk and milk protein prices suffered in February 2013 as cheese inventories remained at near record highs going into the month. US dairy commodities expert and MilkPrice blogger, John Geuss, gave DairyReporter.com a breakdown of price movements...
Arla Foods is claiming a UK first – a milk supply contract that is fully compliant with all the aspects of the Dairy Industry Voluntary Code of Best Practice on Contractual Relationships.
Farmers for Action (FFA) has threatened a fresh wave of processor-targeted demonstrations across the UK if efforts are not made to increase farm gate milk prices.
In part two of his January 2013 US dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on falling cheese and butter prices, and a look ahead to the next few "financially difficult" months.
Inventories of butter and cheese grew in January as supply outweighed export demand - causing prices to decrease. Is this a bad omen for 2013, or will exports recover quickly? US commodities expert and MilkPrice blogger John Geuss gave DairyReporter.com...
In part two of his December 2012 US dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on whey, cheese and butter prices, as well as the "positive" impact of the recent 'fiscal cliff' deal.
US dairy commodity prices dropped in December 2012, but low inventories and high exports have left the market still looking "healthy." US commodities expert and MilkPrice blogger John Geuss gave DairyReporter.com a breakdown of US dairy commodity...
In part two of his November 2012 US dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on whey, butter and "rapidly" falling cheese prices, as well as a look ahead to December.
US cheese prices remain high at more than $2 per pound (lb), but are 'falling rapidly' - an unexpected result considering October's 'tight inventories.' US commodities expert and MilkPrice blogger John Geuss gave DairyReporter.com...
In part two of his October dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on cheese and butter demand and quick look ahead to November, December and the coming year.
US milk protein prices increased by 13% in October. But does the price increase have the momentum to carry milk protein prices to the "exceptional highs" of 2008? US commodities expert and MilkPrice blogger John Geuss gave DairyReporter.com...
In part two of his September dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.om the latest on cheese, butter and milk solids demand and a look ahead to October.
Milk prices have continued to increase in the US, hitting $19 per hundredweight in September. But will the positive impact on dairy sector cash flow outweigh the long term negative effect on consumption? US commodities expert and MilkPrice blogger, John...
In part two of his August US dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on cheese demand and a look ahead to September and beyond.
As a result of increased and unexpected US demand for cheese and butter in recent weeks, milk prices in the country have jumped by more than a dollar per hundredweight. US dairy commodities expert and MilkPrice blogger, John Geuss gave DairyReporter.com...
The Federal Milk Marketing Order July announcement of Class and Component Prices showed expected increases. What was unusual was that every parameter was up.
Milk Link CEO Neil Kennedy says market conditions for the next year will likely remain challenging with dairy commodity returns ‘sharply down’ in comparison with historical prices in the short term.
Two big acquisitions shook up the annual list of the biggest global dairy companies from Rabobank, and could encourage others to pursue M&A opportunities.
Danone has upped its sales revenue guidance for 2011, encouraged by a positive pricing performance in the last quarter. But the French dairy giant warned of a 6-9 per cent hike in raw material costs.
Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.
Drought in New Zealand and continued strong buying from Russia and China are expected to keep international dairy commodity prices buoyant in early 2011, according to Rabobank.
European food manufacturers will experience commodity inflation in the second half of 2010 but it will be more manageable than it has been in the past, predicts an analyst.
Multinational dairy company FrieslandCampina has revealed its strategy for the coming decade in which it plans to expand globally and shift its focus to three specialised product categories.
Demand for whey-derived functional food and drinks claiming nutritional benefits remains undimmed despite an overall fall in sales last year for the dairy commodity, says an industry analyst.
Fonterra is launching a new online sales channel for its dairy
commodities which will allow it to respond more quickly to price
changes - and may spur the development of an international dairy
futures or derivatives market.
Dairy commodity costs have surged in the space of just one month to
cap off huge rises in the prices being paid out by processors over
the last year, according to recently published data by DIN
Consultancy.
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.
The current supply glut on the EU butter market will be solved by
more producers leaving the sector, says a Commission report, again
predicting a move away from commodities across the bloc.
