by Freshagenda | Mar 7, 2024 | Global, Volume trends
Cheese production fell 1.2% YOY in January according to the USDA, compared to an estimated 1.3% decline in the availability of “manufacturing milk.” American cheese output declined 5.5% YOY for in January (with a 7.9% decline for cheddar) while “other cheese”...
by Freshagenda | Feb 29, 2024 | GDT, Global
Prices for WMP and SMP slid compared to GDT event #350 and the previous event, at this week’s Pulse auction. Regular WMP C2 prices fell US$100/t to US$3,230/t from GDT #350, down US$105/t from the Pulse event #44. Medium heat SMP fell US$75/t from GDT #350 to...
by Freshagenda | Feb 29, 2024 | Global, Volume trends
New Zealand milk production fell 0.6% YOY in January on a solids basis, according to DCANZ. Despite the fall, season-to-date solids production is now tracking 0.8% ahead of prior year, as soil moisture levels have dropped in some dairying regions. On a volume...
by Freshagenda | Feb 22, 2024 | GDT, Global
GDT event #350 recorded a 0.5% increase in the overall price index on the lowest volume offered since June last year. WMP prices were expected to weaken with the slippage in futures prices in the past 2 weeks, and they obliged, down US$74/t to US$3,388/t. This was...
by Freshagenda | Feb 22, 2024 | Global, News
Fonterra is merging its Australian business and Fonterra Brands New Zealand (FBNZ) into Fonterra Oceania from 1 May 2024. FBNZ includes consumer brands and foodservice businesses in New Zealand, including brands Anchor, Mainland and Kāpiti. Announcing the merger in an...
by Freshagenda | Feb 15, 2024 | GDT, Global
This week prices fell for both WMP and SMP compared to the recent GDT event #349, but remains higher for both regular WMP and medium heat SMP C2 compared to the last Pulse event. While medium heat SMP fell US$5/t to US$2,770/t, it remains US$120/t ahead of the...
