by Freshagenda | Apr 26, 2024 | Global, Volume trends
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...
by Freshagenda | Apr 26, 2024 | Global, Volume trends
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...
by Freshagenda | Apr 18, 2024 | GDT, Global
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....
by Freshagenda | Apr 18, 2024 | Global, News
Fonterra will close a number of ageing plants at two Waikato sites in an effort to optimize operations. Fonterra’s Waitoa PDC, a coal centre and two dryers in Te Rapa are no longer efficient to operate and will close later this year. The Te Rapa driers will close...
by Freshagenda | Apr 11, 2024 | GDT, Global
Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price to US$3,280/t. Futures settled...
by Freshagenda | Apr 11, 2024 | Global, Volume trends
Australian exports were up 5% for the season to February in milk solid equivalent terms. The increase was led by increased shipments of cheese, milk powders, butter and dry whey. Exports were ahead in the month of February across most dairy products except milk...
