US February Cheese Output Up 3.9%

US February Cheese Output Up 3.9%

US cheese production increased 3.9% YOY in February, according to the USDA, with an estimated 3.8% rise in manufacturing milk availability. American cheese output rose 1.9% YOY for the month, with a 2.3% increase for cheddar. “Other cheese” varieties (including...
A2 Settles Investor Class Action

A2 Settles Investor Class Action

The a2 Milk Company has agreed to pay $62m to settle a major shareholder class action. Investors who bought shares between August 2020 and May 2021 brought a class action lawsuit, claiming the dairy processor failed to properly disclose problems in its key China...
Farmers Want Higher Retail Milk Price

Farmers Want Higher Retail Milk Price

Dairy farmers are urging major Australian retailers to lift retail milk prices as producers battle increasing fuel and fertiliser costs. Dairy lobby group eastAUSmilk wants retail prices to go up by 30c per litre of milk for private label, which would allow for a...
Pulse Prices Continue to Decline

Pulse Prices Continue to Decline

Prices fell across commodities at this week’s GDT Pulse event except for AMF, for which prices were not published. Fonterra regular WMP averaged US$3,535/t, down 1.7% from the latest Pulse event and -3.4% lower than the price at GDT #400. Fonterra instant WMP averaged...
US February Cheese Output Up 3.9%

Fonterra February Milk Rises

In its latest Global Dairy Update, Fonterra’s milk collections rose in February, reaching 143.2m kgMS, up 7.1% on the same month last season. The increase is driven by favourable weather and solid pasture conditions across both islands. Season‑to‑date collections now...