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GDT Prices Slip Backwards
Wednesday, October 21, 2015 (817 reads)

A fall in dairy prices at the GlobalDairyTrade auction which followed four consecutive gains was no surprise, and more rises are on the cards, an economist says. Prices at the October 20th  auction dropped 3.1 percent, hitting an average price of US $2,735 per metric ton. Volumes also declined from 36,050 tons on October 6 to 34,519 tons.

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U.S. Milk Production Up Just 0.4% in September
Wednesday, October 21, 2015 (712 reads)

According to the latest USDA's monthly report, U.S. milk production was up just 0.4%  in September, the slowest rate of increase all year. Third quarter production was also up just 0.9% as well.

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CWT Assists with 2.2 Million Pounds of Cheese Export Sales
Wednesday, October 21, 2015 (662 reads)

Cooperatives Working Together (CWT) has accepted 12 requests for export assistance to sell 2.196 million pounds (996 metric tons) of Cheddar, Gouda and Monterey Jack cheese to customers in Asia, the Middle East, North Africa and Central America. 

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GlobalDairyTrade Proposes Rules Change to GDT Governance
Wednesday, October 21, 2015 (688 reads)

GlobalDairyTrade (GDT) proposes to make amendments to its Market Rules and the Advisory Board Charter to establish an Oversight Board. GDT is inviting submissions from stakeholders in writing, due by October 30, 2015.

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Removal of EU Quotas Drives Milk Surplus Up in Third Quarter But Market is Expected to Tighten
Wednesday, October 14, 2015 (761 reads)

More milk was produced than the market needs in the third quarter of 2015, but the market may tighten in the first half of next year, analysts at Rabobank say. Removal of milk quotas resulted in higher EU milk production in this period, which was the main driver of the faster growth in supply than growth in demand.

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September FAO Food Price Index Up One Point
Wednesday, October 14, 2015 (794 reads)

The FAO Food Price Index* averaged 156.3 points in September 2015, up one point from its sharply reduced August value, but still18.9 percent less than one year ago. While the prices of all dairy commodities firmed, those of milk powders exhibited the largest increase.  

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CWT Assists with 531,000 Pounds of Cheese Sales
Wednesday, October 14, 2015 (718 reads)

Cooperatives Working Together (CWT) has accepted 6 requests for export assistance from member cooperatives who have contracts to sell 531,314 pounds (201 metric tons) of Cheddar, Gouda and Monterey Jack cheeses to customers in Asia. 

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DFA To Build $350 Million Dairy Ingredient Plant
Wednesday, October 14, 2015 (972 reads)

Dairy Farmers of America Inc. will build a $350 million dairy ingredient plant in Garden City, KS. The 214,000-sq. ft. facility is expected to be operational by 2017, and will produce whole, skim, and nonfat dry milk powder. 

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Rabobank: Dairy Inventories To Normalize by Mid 2016
Friday, October 09, 2015 (701 reads)

"Rabobank expects the market for new milk to tighten in the first half of 2016, as low milk prices in New Zealand and further price falls elsewhere put the brakes on milk production, while demand rises as falling prices are passed on,” said Rabobank Global Strategist Tim Hunt.

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Trans Pacific Partnership – Dairy Products
Thursday, October 08, 2015 (758 reads)

The U.S. Department of Agriculture (USDA) has released a series of fact sheets illustrating how the newly reached Trans-Pacific Partnership (TPP) agreement can boost the U.S. agriculture industry, supporting more American jobs and driving the nation's rural economy. Created by the USDA's Foreign Agricultural Service (FAS), the fact sheets graphically depict how each state and individual commodities stand to benefit from increased agricultural trade with the 11 other TPP countries.

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