Wednesday, November 14, 2018
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Prices Dip At Final Global Dairy Trade Auction of 2016
Wednesday, December 21, 2016 (708 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 (810 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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USDA World Agricultural Supply and Demand Estimates Report
Thursday, December 15, 2016 (726 reads)

The USDA lowered its milk production outlook for 2016 and 2017, citing slower than expected growth in the U.S. dairy herd in it's latest report. Fat basis exports are raised for 2016 on higher butter exports, and skim-solids basis exports are increased on stronger sales of lactose.  For 2017, fat basis exports are reduced on expected increased competition in cheese markets, but strength in lactose and nonfat dry milk (NDM) exports are expected to support higher skim-solids basis exports.  Import forecasts are lowered from last month for both fat and skim-solids bases.  Fat basis ending stock forecasts for 2016 and 2017 are raised on higher expected cheese stocks.  Although the skim-solids basis ending stock forecast for 2016 is raised on higher-than-expected cheese and NDM stocks, the forecast for 2017 is unchanged as robust NDM exports are expected to draw down stocks during the year.

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Dairy Prices Have Risen Again with Whole Milk Powder Prices Up Nearly 5%
Wednesday, December 14, 2016 (704 reads)

Global dairy prices continued to increase at the latest Global Dairy Trade auction, marking their fourth straight jump. The Global Dairy Price Index climbed 3.5%, with an average selling price of $3,622 per ton at the December 6th auction. 

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