Market Updates – Domestic & Global
This page contains latest global and domestic market updates that are relevant to the value of milk in the Australian dairy industry. These also appear in separate updates on this site under Domestic Market Updates and Global Market Updates.
Pulse Prices Converge
This week’s GDT Pulse event delivered softer prices for fats while powder values lifted. WMP prices increased around 2% from GDT #409, with regular NZ WMP settling at US$3,510/t. SMP was stronger again, with NZ medium heat SMP reaching US$3,335, lifting 2.9% from the...
WASDE Report Supportive for New Crop Corn
In its August 2026 WASDE report, the USDA lowered 2026/27 ending stocks to 1.653bn bushels, down from 1.790bn in July and well below expectations for 1.725bn. Given extremely strong demand, the stocks-to-use ratio is nearing 10%, a psychologically bullish level for...
Australian Exports Down in 2025-26
exports rose 10.2% YOY in June but declined 4.3% YOY across the full season. Cheese exports rose 11.3% YOY but were down 1.6% over the full season, reflecting a 25.9% YOY decline (17,596t) in shipments to Japan. Following three consecutive monthly declines, SMP...
Cow Culling Declines
Saleyard transactions of dairy cow culls, as reported by the National Livestock Reporting Service (NLRS), were flat YOY in the 2025/26 season (July-June). July-26 alone declined 27% YOY, the fourth consecutive monthly fall as farmers were incentivized to retain cow...
Woolworths Discontinues Farmer’s Own Brand
Woolworths is phasing out its Farmers’ Own milk brand, with the product already withdrawn from South Australian stores and set to disappear from stores in NSW, Queensland, Victoria and WA by mid-2027 as supplier contracts expire. Farmers supplying the brand are being...
GDT #409 Index Marginally Higher
The GDT Index rose 0.1%, with mixed trends across commodities. North Asia returned as the leading buyer at this event, and the Middle East increased its share of purchases across the board compared to the same auction last year. Milk supplies are comfortable and...
China’s Milk Supply Continues to Slow
milk production declined 5.8% YOY in June according to the latest China Dairy Monthly Report. This was the sixth consecutive monthly decrease, with milk production estimated at 34.02bn kg over the last year. Liquid milk consumption was +4.0% YOY for the month,...
Fonterra Milk Collections Grow
In its latest Global Dairy Update Fonterra reported year-over-year increases in milk collections in June due to favourable pasture conditions and feed availability. Milk production rose 1m kgMS YOY to 14.0m kgMS in the North Island, while milk collections in the South...
Aussie Dollar Jumps Higher
The Australian dollar spiked in value by 0.67% toward the end of last week to its highest weekly close in seven weeks. While the war in Iran has weighed heavily on the global economy, news that the US Treasury had jointly intervened with Japan to prop up the yen for...
Domino’s Makes Big Changes
Domino’s closed 29 stores and ended some customer deals like $5 pizzas on Friday nights in an effort to protect franchisee profits following a massive financial hit. This came after the Australian branch of the global chain revealed significant losses ahead of its...
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