Pricing Pressures

“This bill is a strong start to addressing the issues our producers are facing right now, particularly our dairy farmers.

Pending farm bill has big implications for dairy

By Beth Newhart

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.

The new tool is expected to be introduced in June 2019.

Fonterra introduces Fixed Milk Price tool

By Jim Cornall

Fonterra has announced it will introduce a new financial tool to help farmers gain more certainty of what they will be paid for their milk for the season.

Agropur will close its only plant that produces goat cheese next year. Pic: ©GettyImages/5PH

Agropur in talks with Quebec Goat Milk Producers

By Beth Newhart

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.

The trade deal won't take immediate effect and must be ratified by each country's government. Pic: ©GettyImages/Bet_Noire

Dairy industry reacts to North American leaders signing USMCA deal

By Beth Newhart

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...

The online sale will use the BidSpotter platform. Pic: ©GettyImages/Abscent84

UK dairy auction attracting international attention

By Jim Cornall

An auction that will see the processing machinery and equipment of the Linwoods Dairy in Armagh, Northern Ireland, going under the hammer later this month is attracting international attention.

Dean Foods reveals disappointing Q3 with seven plant closures

By Beth Newhart

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.

At the beginning of 2019 customs duties on dairy products will be reduced by about 40%. Pic: ©Getty Images/Armastas

Dairy market reform agreement signed in Israel

By Jim Cornall

Israel’s Minister of Finance, Moshe Kahlon, Minister of Agriculture Uri Ariel, the Israel Farmers Association, and the Association of Cattle Breeders signed a reform agreement on the dairy market on October 29.

Westland said it was 'making progress on the matters it had direct control of.'

Westland reduces payout prediction

By Jim Cornall

The decline in global prices for dairy commodities, especially butter, has forced the board of Westland Milk Products to lower its predicted payout range for the 2018-19 season to NZ$6.10-NZ$6.50 (previously NZ$6.50-NZ$6.90).

Roughly $1.5bn in revenues will be lost by US dairy farmers in the second half of 2018 as a result of retaliatory tariffs. Pic: ©GettyImages/Kwangmoozaa

NMPF criticizes USDA dairy aid package for falling ‘far short’

By Beth Newhart

The National Milk Producers Federation (NMPF) sent a letter to US Agriculture Secretary Sonny Perdue analyzing the federal dairy aid package the US Department of Agriculture (USDA) announced over the summer. An eventual $12bn payout is aimed at helping...

The cooperative has announced it will work with Asset Match to provide a free trading system for members to deliver market-derived trading prices.

First Milk announces new member premium

By Jim Cornall

UK dairy cooperative First Milk has today announced a series of changes to its capital structure that will see the introduction of a ‘member premium’ in the form of a 13th payment to members from next year, as well as increased transparency in share trading...

Fonterra chief executive Miles Hurrell said global demand is not matching current increases in supply.

Fonterra drops farmgate milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$6.75 (US$4.37) per kgMS to a range of NZ$6.25-NZ$6.50 (US$4.05-US$4.21) per kgMS and increased its forecast New Zealand milk collection volumes...