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Butter Meltdown as U.S. Spot Price Plummets Most in 11 Years
Friday, December 11, 2015 (680 reads)


A gauge of U.S. butter prices plunged the most in 11 years after production and inventories increased following a bull run to a record in September. Spot cash butter tumbled 18 percent to $2.30 a pound Thursday (December 10th) on the Chicago Mercantile Exchange. That marked the biggest drop in exactly 11 years. On Dec. 10, 2004, the price plummeted 20 percent.



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WTO Approves $1 Billion in Retaliatory Tariffs Over COOL
Friday, December 11, 2015 (681 reads)


Anticipated retaliation against the U.S. by Canada and Mexico over country of origin labeling of meat became a reality on Monday with authorization by the World Trade Organization. The WTO has authorized Canada and Mexico to impose more than $1 billion worth of retaliatory tariffs on U.S. products in response to the country of origin labeling law.



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World Dairy Market To Grow by 2.4% Annually Until 2025
Thursday, December 10, 2015 (695 reads)


According to the latest European Commission report, global dairy production will grow by an average of 1.4 million tons each year over the next decade. The report predicts an annual growth rate of 2.4% in world markets for dairy commodities between now and 2025. This will add 1.4 million tons of dairy commodities to the market each year, which is less than the average of 1.9 million tons extra production seen over the last 10 years.



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Wisconsin Cheese Companies, Retailers Anticipate Another Year of Increased Holiday Sales
Thursday, December 10, 2015 (616 reads)


The Wisconsin dairy industry saw a 34% increase in cheese sales the week before Christmas last year, and strong holiday sales are expected again this year in the cheese category, as well as the buttermilk, flavored milk, yogurt and butter categories, according to data gathered for the Wisconsin Milk Marketing Board. "We expect this year to be no different with many cheese companies poised to capitalize on the holiday season with unique product offerings and increased sales and marketing efforts," WMMB CEO James Robson said. 

 



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CWT Assists with 2.5 million Pounds of Cheese, Butter and Whole Milk Powder Export
Thursday, December 10, 2015 (541 reads)


Cooperatives Working Together (CWT) has accepted nine requests for export assistance to sell 2.155 million pounds (977 metric tons) of Cheddar, Gouda and Monterey Jack cheese, 176,370 pounds of butter (80 metric tons), and 176,370 pounds (80 metric tons) of whole milk powder to customers in Asia, the Middle East and Oceania.



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New Milk Powder Plant Officially Opens
Friday, December 04, 2015 (724 reads)


Fonterra is celebrating the official opening of their new high-efficiency plant in Pahiatua, New Zeland, that is now producing milk powder destined for more than 20 markets worldwide. The plant came online in August this year and has already produced more than 30,000 metric tons of high-quality whole milk powder destined for key markets including Sri Lanka and Algeria.    



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Dairy Prices Rebound After Falling for Three Consecutive Auctions
Thursday, December 03, 2015 (695 reads)


After three consecutive falls, dairy prices have begun their recovery. Dairy prices rose 3.6% at the December 1st GlobalDairyTrade auction, ending a series of falling results. The average winning price for the auction was US$2,419/t.



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Land O'Lakes New Quota Shocks Eastern Milk Producers
Thursday, December 03, 2015 (901 reads)


Beginning January 1, Land O'Lakes will implement a milk supply program that “allows us to better align member milk production with our operating capacity and provide access to the most profitable markets,” explained, Bill Neary, Land O'Lakes senior director of member relations.



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Coca-Cola to Enter India’s Dairy Market
Thursday, December 03, 2015 (668 reads)


Coca-Cola will introduce its non-carbonated milk-based beverage Vio in the Indian market. The preservative-free beverage that mixes skimmed milk and flavors will face competition from other companies including Amul, Britannia and Nestle there. 



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Dairy Council of California Identifies Trends Impacting Dairy in New Report
Thursday, December 03, 2015 (590 reads)


The Dairy Council of California released its Fall 2015 Trends Report, a biannual report of trends likely to impact the dairy industry during the next one to three years. 



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