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Wexford Milk Producers to Sell 70% of Shares to Glanbia
Thursday, December 12, 2013 (1047 reads)

Members of the farmer co-op Wexford Milk Producers have decided to sell a 70% share in Wexford Creamery to Glanbia. The deal, which must first be approved by Ireland's Competition Authority, will increase Glanbia's milk supply and processing capacity in preparation for the expiration of EU milk production quotas

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Fonterra To Build Milk Powder Plant on New Zealand’s North Island
Wednesday, December 11, 2013 (896 reads)

Fonterra announced Board approval for a AU$235 million investment into a new high-efficiency milk powder plant at its Pahiatua site in Manawatu, New Zealand. The new drier will enable the dairy Co-operative to process an additional 2.4 million liters each day. 

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Dairy Products Account for 31% of Idaho’s Agricultural Exports
Monday, December 09, 2013 (753 reads)

Idaho is on pace to set a record for agricultural exports for the third consecutive year, state officials say. The Idaho State Department of Agriculture has reported that the value of all Idaho agricultural products exported to other countries through September was $736 million. That's a 7.6 percent increase over the same period from 2012.

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Positive Factors For U.S. Dairy Export Growth
Monday, December 09, 2013 (800 reads)

U.S. dairy suppliers are on track to exceed $6.5 billion in exports in 2013, up nearly 30 percent compared with 2012 and while economic expansion in developing nations is expanding the middle class and lifting dairy consumption there are some good reasons to expect increased U.S. export sales in 2014.

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Don't Over Look Year-End Inventory Hedging On Dairy Products
Friday, December 06, 2013 (832 reads)

As the year-end approaches, most of the focus has shifted to 2014. However, one significant risk in 2013 should not be overlooked – inventory devaluation. If you are holding uncommitted inventories of cheese, butter, whey, or milk powder, there is the potential of financial losses if market prices drop between now and the end of the year. This can be particularly painful for companies with fiscal years ending on December 31. What has been a good year can turn into a bad year in a matter of minutes if you are not properly hedged. This white paper provides some examples of what could happen and ways to protect yourself and your company’s P&L. Article is available to ADPI Members Only

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Leucine: Where Whey Protein Gets Its Magic
Friday, December 06, 2013 (994 reads)

Scientific support for the role of protein in building and maintaining lean muscle, maintaining weight and aging healthy continues to grow, but not all proteins are created equal, according to nutrition and exercise physiology expert Chris Mohr, PhD, RD. In particular, a growing body of research indicates that whey protein has advantages over the others when it comes to nutrition, functionality and flavor.

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GlobalDairyTrade Auction Reflects Strong Demand for Dairy Products
Friday, December 06, 2013 (929 reads)

The results from the December 3 GlobalDairyTrade auction reflect the current strength in demand for dairy products. Nearly 52,000 tons of product was traded with an overall  average selling price of $4,500, while the GDT Price Index was pushed up 3.9% to 1463 points.

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Australian Regulator Blocks Saputo WCB Takeover Bid
Friday, December 06, 2013 (759 reads)

Saputo has been ordered by the Australian Takeovers Panel not to process any acceptances received under its latest bid for Warrnambool Cheese and Butter (WCB), following a complaint by rival bidder, Murray Goulburn.

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Powered Milk Demand Could Skyrocket With Easing of China's One-Child Policy
Friday, December 06, 2013 (1024 reads)

Powdered milk, especially infant formula, is known as "white gold" in China and the easing of China's one-child policy could mean increased demand for dairy products worldwide and especially for Tasmanian Dairy Products (TDP) in Smithton, Tasmania, Australia.

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U.S. Butter Consumption Reaches Highest Level in 40 Years
Friday, December 06, 2013 (1000 reads)

Driven by the movement toward food that contains natural ingredients as well as the foodie and gourmet cooking trends, butter consumption in the United States has reached its highest level in 40 years, dairy industry leaders say.

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