by Freshagenda | Nov 15, 2023 | Forecast, Global
In its November WASDE report, the USDA milk production growth forecast for 2023 was lowered from the prior month due to the revised dairy cow numbers in the USDA’s latest Milk Production report. Milk output is expected to be up 0.3% YOY at 103bn kgs in 2023 after a...
by Freshagenda | Oct 18, 2023 | Forecast, Global
The USDA milk production growth forecast for 2023 was increased from the prior month due to better average yields per cow. According to the October WASDE report, milk output is expected to lift 0.5% YOY at 103.2bn kgs in 2023 after edging up 0.1% YOY in 2022. Forecast...
by Freshagenda | Aug 9, 2023 | Forecast, Global
Fonterra has reduced its 2023/24 farmgate milk price forecast to a range of NZ$6.25kgMS – NZ$7.75kgMS, taking its midpoint to NZ$7.00kgMS, down from a midpoint of NZ$8.00kgMS. Fonterra CEO Miles Hurrell said the reduction reflects ongoing reduced import demand for...
by Freshagenda | Mar 15, 2023 | Forecast, Global
– In its March WASDE report, the USDA milk production growth forecast for 2023 was increased from the prior month on higher dairy cow numbers. Milk output is expected to be up 0.9% YOY at 103.6bn kgs in 2023 after a 0.1% YOY lift in 2022. Milk production for 2022 was...
by Freshagenda | Mar 1, 2023 | Forecast, Global
According to Freshagenda’s February 2023 Global Dairy Directions update while commodity prices have lifted in most regions, driven by butter and SMP, little has changed in the underlying fundamentals other than a feeling butter demand will improve at lower...
by Freshagenda | Feb 15, 2023 | Forecast, Global
According to Rabobank’s NZ Agribusiness Outlook 2023 the agriculture sector is in for another tough year with the re-opening of China, global and domestic inflation policy, market signals for low or zero emission products and the upcoming NZ election campaign...
