US cheese, butter demand up in November

US cheese, butter demand up in November

Commercial American cheese disappearance rose 3.5% YOY between January and November. That compares to a 2.9% lift in commercial disappearance of other cheese varieties (including mozzarella) over the same 11-month period. Overall domestic cheese demand rose 3.5% YOY...
US cheese, butter demand up in November

UK milk down In December

UK milk production was down 3.6% YOY in December 2021, according to the latest data from AHDB. Milk production totalled 1,014m litres in December 2021 and while production was down YOY, December output lifted 3.8% from the month before. Average daily milk deliveries...
GDT gains for powders and butter

GDT gains for powders and butter

After many events where the apparent “bargain” of WMP on GDT became more compelling given strong price gains in northern hemisphere fat and protein markets and the gradually deteriorating NZ post-peak season, WMP prices finally posted a solid gain. Demand for both...
GDT gains for powders and butter

Fats and cheese win first GDT event on 2022

The first GDT event of 2022 was a mixed bag last week with the overall price index rising 0.3%, and with most of the action in fats and cheddar. WMP prices were flat on average at US$3,866/t, but a small lift in regular C2 product was driven by a stronger %...
US cheese, butter demand up in November

EU milk growth remains low

Based on data for 15 member countries which jointly account for 62% of EU-27 raw milk supplies on average, output fell 0.7% YOY in November. Among major producing countries, supply in Germany and Netherlands was down 2.9% YOY and 4.1% YOY respectively. Production in...
US cheese, butter demand up in November

Fonterra updates NZ milk forecast

Fonterra has revised its 2021/22 forecast New Zealand milk collections to 1,500m kgMS, down from its opening forecast of 1,525m kgMS. Varied weather and challenging growing conditions in parts of the country early in the season saw milk output dip year on year....