US March Milk Down 1%

US March Milk Down 1%

US milk production fell 1% YOY in March according to the USDA, reflecting a continuing decline in the dairy herd. Average yield per cow was flat YOY while cow numbers were down 1% YOY in March. At 9.335m, March cow numbers were down 7,000 head on the prior month and...
US March Milk Down 1%

NZ March Milk Output Falls

Milk production was down 1.2% YOY on a solids basis in March, taking season-to-date production 1.1% ahead of the prior year. Milk intake fell 3.5% YOY on a volume basis with seasonal output trailing 0.2% behind the prior year comparable. The drop was just short of...
Saputo workers walk off

Saputo workers walk off

Workers at Saputo’s Burnie cheese plant have walked off the job, with the Australian Manufacturing Workers Union (AMWU) claiming maintenance workers at the site are paid 21% less than their mainland counterparts. The AMWU puts the gap between Tasmanian and mainland...
Cattle Market Steadies

Cattle Market Steadies

Cattle markets have steadies in 2024 after the wild swings of 2023 and 2022. The EYCI is still weaker than YOY, but  according to Mercado better prices are likely over the coming weeks, with current fundamentals it making “prices tanking in the same fashion they did...
GDT Stalls

GDT Stalls

The price index edged 0.1% higher at event #354 on a reduced offering for now but news of higher deliveries in coming months. SMP was flat on average, down 0.4% to US$2,541/t as later contract periods flattened, offsetting a 2.6% increase in Fonterra MH C2 price....