by Freshagenda | Mar 12, 2026 | Global, Volume trends
Total January exports declined 16.2% YOY in milk solids equivalent (MSE) terms. Cheese exports fell 27.5% YOY to 10,143t (lowest since September 2023), led by weaker shipments to Japan. SMP exports rose 14.7% YOY for the month, with most of the increase in shipments...
by Freshagenda | Mar 5, 2026 | Global, Volume trends
Milk recovery in Argentina boosted WMP output since June 2025, with a 21.2% growth over the last six months (or 22,000t). January WMP stocks were 11% higher in YOY terms and 5% above the five-year average. Cheese production rose 5.4% YOY in January but declined 6.4%...
by Freshagenda | Feb 26, 2026 | Global, Volume trends
US January milk output rose 3.2% YOY, shy of expectations. Cow numbers were up 2% YOY with 1.2% YOY growth in average yield per cow, which was an eight-month low. The milking herd is still large – standing around +190,000 head above year-ago levels with 13,000 cows...
by Freshagenda | Feb 26, 2026 | Global, Volume trends
Dairy farmers across New Zealand benefitted from a wet month as January milk production rose. Milk solids output increased 2.9% YOY, setting a new January solids record and bringing seasonal solids output +3.1% ahead of the prior season. Volume rose 2.0% YOY, while...
by Freshagenda | Feb 26, 2026 | Global, Volume trends
This week’s Pulse event was mixed for powders and fats. Regular WMP C2 prices settled at US$3,655/t, unchanged from GDT #398, while Fonterra’s medium heat SMP C2 prices rose 2.3% on GDT #398 to US$3,050/t. The nearest futures prices for both powders settled higher...
by Freshagenda | Feb 19, 2026 | Global, Volume trends
December exports rose 22.1% YOY in milk solids equivalent (MSE) terms, with stronger shipments across all key commodities except lactose. MSE exports increased 12.5% in the last quarter, led by SMP and cheese. Cheese exports were at an all-time high of 134,835t and...
