Monday, October 22, 2018
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USDA Projects 2011 All-Milk Price
Wednesday, May 12, 2010 (1220 reads)

USDA has offered its initial assessment of the 2011 milk supply, demand and prices, stating “milk production for 2011 is forecast to increase as producers respond to improving returns.”

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Glanbia Revises Earnings Forecast as Dairy Prices Rebound
Wednesday, May 12, 2010 (949 reads)

Glanbia is revising its 2010 earnings per share guidance upwards as figures from the dairy ingredients business improve with the recovery in global dairy prices. In an interim management statement for the period January 3rd to May 10th, Glanbia said the group is performing well and is expected to deliver a strong first year half. As a result Glanbia now expects mid-teen earnings growth for the full year.

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FrieslandCampina Launches Traceability System for Organic Dairy Range
Wednesday, May 12, 2010 (941 reads)

FrieslandCampina has introduced a traceability system for an organic dairy brand in the Netherlands to enable customers to track their purchases back to the farmyard. Using a code on the packaging of all products in the Campina Boerenland range, Dutch consumers will be able to identify the farmer that supplied the milk processed in their dairy purchases.

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Hawaii Posts First Milk Production Gain in 11 Years
Tuesday, May 11, 2010 (1728 reads)

According to a report released by USDA, milk production in Hawaii was up 15% in 2009, the first increase in 11 years. The state's 15 farms with dairy cows, plus two commercial dairies, produced 21.3 million pounds of milk.

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CME Group Announces the Launch of Cheese Futures and Options
Tuesday, May 11, 2010 (814 reads)

CME Group has announced the launch of Cheese futures and options on futures. The cash-settled contracts will be available on CME Globex®, the exchange’s electronic trading platform, with trading scheduled to begin on June 20, 2010, for trade date June 21. These contracts will be listed by and subject to the rules and regulations of CME. 

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Wisconsin is The Top U.S. Cheese Producer
Tuesday, May 11, 2010 (1002 reads)

Wisconsin is once again the top cheese-producing state, according to federal statistics. The National Agricultural Statistics Service says the state produced 2.65 billion pounds of cheese in 2009, or 26% of the U.S. total.

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Cheese Joins CME Futures Market
Friday, May 07, 2010 (1144 reads)

CME Group is launching cheese futures and options on its Globex trading platform to help processors and manufacturers protect themselves from price volatility. Industry participants can already trade in futures for Class III milk and Dry Whey with CME Group. The derivatives marketplace is now adding cheese in a move that will complete its coverage of the products in the chain or ‘dairy crush’. In other words, the original commodity, Class III milk, can be hedged as well as its product and by-product.


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Milk Specialties Global Agrees to Pay Penalties for Safety Violations
Friday, May 07, 2010 (1091 reads)

Milk Specialties Global has agreed to pay fines totaling $535,000 after safety violations were found at its Whitehall, Wisconsin facility, the Occupational Safety and Health Administration (OSHA) has said. The plant produces whey protein ingredients for the weight management and sports nutrition sector of the food and beverage industry, as well as animal nutrition products.

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"Surprising" Growth for Fonterra in Middle East
Thursday, May 06, 2010 (1193 reads)

The war-torn countries of Iraq and Somalia are proving to be some of Fonterra's fastest growing dairy markets. Fonterra's Dubai-based developing markets manager Tamer El Ashmawy said volumes of Anchor-branded jar cheese exported to Iraq had grown at a compound annual rate of 115% and Anchor milk powder to Somalia by 51% since 2006.

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Fonterra Launches New Dairy Price Index
Tuesday, May 04, 2010 (1476 reads)

Fonterra has announced that it will be publishing a dairy price index after all of its future globalDairyTrade trading events.The gDT-TWI (globalDairyTrade Trade Weighted Index) will be published after the next auction takes place. According to Fonterra the new trade weighted index addresses the need for a constant “headline” number that tracks the market for milk solids.

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