Saturday, November 17, 2018
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CoBank: U.S. Agriculture Faces Formidable Global Challenges
Thursday, March 31, 2016 (844 reads)

Mounting global inventories, withering export demand and weak global economic growth, which caused U.S. farm income to plummet by 25 percent in 2015, will continue to plague the U.S. agricultural industry in 2016, according to the new Quarterly Rural Economic Review from CoBank.

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Arla and DFA Enter Into New Cheddar Cheese Joint Venture
Thursday, March 31, 2016 (788 reads)

Arla and Dairy Farmers of America (DFA) have agreed to enter into a joint venture that includes the construction of a small dairy plant in the U.S. for cheddar cheese production. In their first collaboration ever, the two farmer-owned cooperatives plan to explore opportunities to build premium-quality standards in the cheddar category, in the world’s biggest cheese market. The joint venture will be owned 70 percent by DFA, who also holds the management role, 20 percent by Arla and 10 percent by the eight farmers who supply the milk. 


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CWT Assists with 4.1 Million Pounds of Cheese and Whole Milk Powder Export Sales
Friday, March 25, 2016 (732 reads)

Cooperatives Working Together (CWT) has accepted 5 requests for export assistance to sell 178,574 pounds (81 metric tons) of Cheddar and Monterey Jack cheese and 3.880 million pounds (1,760 metric tons) of whole milk powder to customers in Asia, Oceania and South America. The product has been contracted for delivery in the period from March through September 2016.

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Big Food Caves to Tiny Vermont on GMO Labels Ahead of July Law
Friday, March 25, 2016 (834 reads)

The second-smallest U.S. state is forcing a big change in the food industry. Kellogg Co., Conagra Foods Inc. and Mars Inc. all announced this week that they will start putting labels on all products made with genetically modified organisms. They followed Campbell Soup Co. and General Mills Inc. in preparing for the July 1 implementation of a Vermont law that requires the change. Creating labels for only one state isn’t feasible, so all packaging has to be overhauled nationwide, executives say

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Wal-Mart Announces Plans To Build Multi-Million Dairy Processing Plant
Friday, March 25, 2016 (724 reads)

Wal-Mart Stores Inc has announced it will build a dairy processing plant in Indiana to supply private-label milk to about 600 stores, curtailing business with some suppliers in the retailer’s sole foray into food processing in the United States.


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Korea Imports of Powered Milk Despite Oversupply
Friday, March 25, 2016 (689 reads)

Imports of dried milk are increasing steeply while the market suffers an oversupply of milk. According to Korea Customs Service, the country imported 23,296 tons of dried milk last year, which is more than double the 9,270 tons imported in 2010. 

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Saputo To Close Three Plants
Friday, March 25, 2016 (772 reads)

Saputo Inc. has announced it will close three plants in Eastern and Atlantic Canada employing some 230 workers by the end of next year in a move to cut costs and boost efficiency. The Montreal-based dairy processor and cheese maker said its plant in Sydney, N.S., will close in June, followed by another in Princeville, Que., in August. A third facility in Ottawa will close in December 2017.

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Global Dairy Trade Prices Down
Thursday, March 17, 2016 (980 reads)

The sixth Global Dairy Trade auction of the year, took place March 15th and saw a drop in dairy product prices of 2.9%. This fall comes after dairy products rose 1.4% at the previous auction on March 1. The latest GDT auction sold a total of 20,406 tons of dairy products for an average selling price of $2,190 per ton. This was a 2.9% decrease in price and a 6.7% fall in volume.

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World’s Dairy Farmers Squeezed By Oversupply
Thursday, March 17, 2016 (869 reads)

Dairy—once the cash cow of the commodities markets—is now firmly in the doldrums. Having risen nearly threefold from 2009 to 2014, milk prices are now half what they were at their peak. The plummet came about after farmers increased dairy supplies to try to cash in on an expected surge in demand from China and the Middle East. Unfortunately for them, the ramp-up in demand wasn’t as big as hoped.

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Anmum Infant Formula Debuts in New Zealand
Thursday, March 17, 2016 (767 reads)

Fonterra has introduced its global Anmum infant formula brand in New Zealand, with plans for the brand to become a top performer in the country's infant formula market. Anmum is already available in Asian markets, where the brand pulls in about $200 million, according to Leon Clement, Fonterra Brands New Zealand's managing director. 

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