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Wednesday, February 22, 2017
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World Dairy Prices Rise 1.3 Percent at Global Dairy Trade Auction
Thursday, February 09, 2017 (76 reads)


World dairy product prices gained at the GlobalDairyTrade auction, bucking expectations for a decline, as both whole and skim milk powder rose. The GDT price index rose 1.3% with an average selling price of $3,537 at the February 7th  auction, while product volume sold was down 3.4% to 21,273 tons.



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Global Dairy Trade Prices Rise 0.6%, Milk Powder Prices Edge Lower
Thursday, January 19, 2017 (85 reads)


International dairy prices at the January 17th auction edged up slightly reinforcing an ongoing recovery that had been dented by two consecutive auctions of losses. Overall prices in the latest Global Dairy Trade (GDT) auction rose 0.6% to $3,517 following a 3.9% decline in the first auction of 2017. This was the first increase in three auctions and broadly in line with consensus expectations of a slight improvement.



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Dairy Prices Fall at the First Global Dairy Trade Auction in 2017
Friday, January 06, 2017 (117 reads)


Dairy prices have gotten off to a disappointing start in 2017 as the GlobalDairyTrade index fell by 3.9% at the first  auction of the year. The drop follows a decrease of 0.5% at the last auction of 2016. Prices for the benchmark whole milk powder were down 7.7%, at an average of $3,294 a ton. Another important reference product – skim milk powder – rose by 2.3% to $2,660 a ton, the highest point since March 2015 and cheddar prices extended gains up 1.4% over the last auction, to $3,894 a ton, the highest level since July 2014.



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Prices Dip At Final Global Dairy Trade Auction of 2016
Wednesday, December 21, 2016 (199 reads)


The final Global Dairy Trade auction of 2016 closed out the year with overall dairy product prices down 0.5%. The GDT index dropped 0.5% with the average price of $5283 per ton at the December 20th auction. This was the first negative result since the beginning of October and ended a run of four straight increases.



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Prairie Farms Dairy and Swiss Valley Farms Agree to Merge
Wednesday, December 21, 2016 (200 reads)


Prairie Farms Dairy and Swiss Valley Farms Agree to Merge Forming The 8th Largest Processor

With a merger expected to expand sales opportunities for both companies, farmer-owned dairy cooperatives Prairie Farms Dairy and Swiss Valley Farms have entered into an agreement to merge their businesses. Under the terms of the agreement, Prairie Farms based in Carlinville, IL, will merge the assets of Swiss Valley Farms from Davenport, Iowa. This merger will create a new processor, operating under the name of Prairie Farms Dairy that would rank No. 8 for dairy product sales on Dairy Foods’ Top 100 Dairy Processor list that was published in August 2016. 



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