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...
According to the latest study by the Bureau for Rural Sociology and Agriculture (BAL) – What is the cost of producing milk? – the average milk production cost over five years in six European countries was between 41 and 46 cents per kilogram of milk.
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...
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...
The US has reached a new agreement with Canada following a year of trade negotiations. The US-Mexico-Canada Agreement (USMCA), which includes Mexico, replaces the North American Free Trade Agreement (NAFTA). But the terms have left the dairy industry...
New Zealand’s Westland Milk Products has reported a final milk payout of NZ$6.12 (US$4.06) per kilo of milk solids (kgMS), less a five cent retention, delivering a net average result for shareholders of NZ$6.07 (US$4.03) per kgMS.
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.
The Dairy Dialog podcast this week looks at protective cultures, a UK dairy switching to liquefied natural gas (LNG) as its energy source, and a new dairy app to help farmers.
The Australian Competition and Consumer Commission (ACCC) has warned the country’s dairy processors to not mislead farmers about milk prices, following reports of processors blaming their private-label milk contracts with supermarkets for the low prices...
New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.
The US Dairy Export Council (USDEC) recently visited Asia. CEO Tom Vilsack also made a trip to South Korea as a part of the dairy industry’s effort to expand into the Korean market.
The American Dairy Coalition (ADC) is encouraging US Congress to pass the AG and Legal Workforce Act (HR 6417), a federal, mandatory verification system to vet all temporary, non-immigrant agriculture workers.
New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.
The US Department of Agriculture (USDA) is paying back the agriculture industry that has suffered during the Trump administration’s tariff feuds with trade partners.
Fonterra Co-operative Group Limited has revised its forecast 2017/18 Farmgate Milk Price, and updated its normalized earnings per share and dividend guidance.
Italian dairy company Parmalat S.p.A. has issued its first-half financials, which show a net revenue of €3.03bn ($3.5bn), €240.4m ($278m) less than the first half of 2017.
Mauricio Leyva Arboleda will replace Scot Rank as CEO of Mexico’s Grupo Lala, effective September 1, 2018. The news comes just ten days after the company released its second quarter results.
European dairy cooperative Arla Foods says Brexit could leave UK consumers with less choice and higher prices, turning everyday staples, like butter, yogurts, cheese and infant formula, into occasional luxuries, and making speciality cheeses ‘very scarce.’
New tariffs placed on $34bn of Chinese imports spawned retaliatory tariffs on US goods of the same value, inciting what could be a potentially destructive US-China trade war.
The US has argued with both Canada and Mexico over tariffs on the dairy industry in the last two weeks, putting President Donald Trump in the spotlight.
Saputo Inc. has released its annual financial report, revealing an increase in revenue following a string of acquisitions and comments on the recent dairy tariffs in Mexico.
More than 300 UK farmers have signed up to Arla’s new R500 program, which the company said will help ‘future-proof’ their farms and increase resilience to the impact of volatile milk prices.
Global Dairy Trade (GDT) Events has temporarily stopped the US pool offering lactose to look at ways to improve effectiveness after achieving published prices only three times at auctions since the pool was established less than six months ago.
The Australian Competition and Consumer Commission (ACCC) has released the final report arising from its dairy inquiry, which includes the key recommendation that a mandatory code of conduct be implemented to improve contracting practices between dairy...
The International Pooling Commission of Milk Producers (IPCMP) and European Milk Board (EMB) have issued a position paper on eliminating unfair competition in the dairy sector.
European dairy cooperative Arla Foods has launched an internal transformation program called “Calcium,” which is set to deliver more than €400m ($492m) of savings by the end of 2020.
UK dairy company First Milk has announced it will be offering its creameries in Scotland, on the islands of Arran and in Campbeltown, for sale, saying the operations need significant investment.
In the UK, Müller Milk & Ingredients has confirmed details of a new initiative it said will help British dairy farmers manage the impact of extreme farm gate milk price volatility.
Australian Dairy Farms Group recently announced it would be converting all its dairy farms to organic production, as it seeks to expand from the conventional milk market to higher-value segments.
Working with DMI, McDonald’s has launched three dairy items as part of the dairy checkoff, a national program that aims to increase sales and demand for dairy products in the US.
International partnerships between the US dairy industry and key export markets have formed six months after USDEC introduced the “The Next 5%”, a strategic export plan targeting an increase of dairy exports from 15% to 20%.
Dean Foods has ended some of its milk procurement contracts with more than 100 dairy farms, mainly due to a surplus of raw milk in the US at a time when US consumers are drinking less fluid milk.
Foremost Farms received a $12m bond from the Michigan Strategic Fund (MSF) to support construction of a 55,000-square-foot dairy processing plant in west central Michigan, estimated to cost $57.9m.
Land O’Lakes’ dairy foods business delivered growth despite some headwinds in US dairy market such as oversupply and new competition throughout the supply chain, posting sales of $3.9bn with pre-tax earnings of $70m for FY17 and delivering $149m back...
The European Milk Board (EMB), responding to French President Emmanuel Macron’s announcement that the milk price will be determined by production costs, has released data from a study it commissioned to look at farmer’s costs to produce milk.
The Australian Competition and Consumer Commission (ACCC) has expressed concerns over the proposed acquisition of the assets of Murray Goulburn by Canadian company Saputo.
More than 6,000 Pizza Hut locations in the US are adding 25% more cheese to its pan pizzas, requiring an additional 150m lbs of milk annually to meet the change, Dairy Management Inc. (DMI) said.
Dean Foods saw its gross profit drop 8% year-over-year to $1.8bn, driven primarily by a 6% decrease in reported volumes and higher mix of private label products, which the company intends to turn around with an enterprise-wide cost productivity program.
After posting impressive results for 2017, Arla Foods amba has come under fire in the UK from the NFU (National Farmers' Union) for dropping the price of milk for its farmers for the third straight month.
USDEC and NMPF have urged the US Senate to swiftly approve Gregg Doud as chief agricultural negotiator in the Office of the US Trade Representative (USTR) where he will work with Ambassador Robert E. Lighthizer on advancing US international trade deals....
Canadian dairy processor Saputo reported a nearly 2% increase in revenues hitting $3bn for Q3 FY18 boosted by acquisitions while keeping an eye out for other deals, CEO Lino Saputo said during the company’s latest earnings call.
The Council of the European Union has announced a temporary change to the operation of the public intervention mechanism for skimmed milk powder (SMP).
The future of US dairy trade policy is uncertain despite the amount global discussions taking place such as the modernization of NAFTA and identifying future trade partners, says Ambassador Darci Vetter, former Chief Agricultural Negotiator for the US...
