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Lingering drought in Australia limits milk production, which was -3.6% in August 2018 y-o-y. Milkfat and protein content are also lower. Milk Producers, faced with higher prices for feed and less water availability, are reducing the herd sizes by 25% (the typical annual culling involved about 20% of herd sizes). New Zealan...

The prices of external demand for butter in the second half of September continued to decline. The main reason is the influence of the external market, a strong decline in prices in Europe and New Zealand. Deliveries of butter from Belarus no longer affect the Ukrainian market, as the Belarusian butter is now almost completely sold to the Russian Federation. The demand prices...

After recent very hot and dry conditions, rains arrived in Australia, not so pervasive as to significantly interfere with hay cutting. Spring has arrived. New Zealand dairy producers and processors continue to feel that there will be a decent increase in milk production this season. Underwhelming price resultsfor some products at recent G...

Australian milk production for July 2018 was -4.2% on the same time last year. Recent extremely dry conditions have affected some dairy areas. In other areas not affected by dryness, hay is difficult to source and is increasingly expensive. The previous...

Australia is at the beginning of the seasonal dairy manufacturing and trading activity. The 2017−18 season ended with a production +3.1% higher than the previous year. In New Zealand the market is quiet, both for the 3-week break in GDT event schedule (from July 17 to August 7) and for the low seasonal milk production. WMP market is almos...

Winter planting is nearly complete in Australia. Many areas in the West have received good rainfall, supporting the crops growth. It remains uncertain what will result in currently drier central regions. Dairy Producers with fewer than 300 cow herds (about one half of Australian Dairy Producers) are advocating to receive higher milk pay prices and are asking Fonterra for a more equitabl...

The USDA released their monthly cold storage report on Tuesday. For the month of April, butter and cheese inventories continued to climb. Total natural cheese on April 30th, 2018, was reported at 1.346 billion lbs., up 2% from March and 3% above year ago levels. Butter stocks totaled 307 million lbs. 12% above March levels and 5% ahead of last year. Total beef in...

Australia is nearing the end of the milk season, recording in March 2018 an increase by +2.5% from March 2017. July 2017—March 2018 milk production was +3.4% over one year earlier. In Victoria, the most productive region accounting for 64.8% of Australian milk production, milk production increased by 3.8% over the same period a year ago. Demand for hay in Northern Australia is higher, due to seasonally cooler temperatures. New season hay is being snapped up from milk producers from New South Wales and Victoria...

The latest Global Dairy Trade (GDT) auction — Event 212 — concluded with the GDT Price Index up 1.9%. Lasting just a minute over two hours, a total of 14 bidding rounds took place, involving 165 participating bidders — of which 111 landed winning bids. Interestingly,...

Butter markets continue its high volume trading sessions on Wednesday as another 16 loads traded and five bids and offers were left unfilled. Butter fell 1 ¼ cents to $2.34 ¾ cents per pound. Blocks added ½ cents to $1.66 ½ on one trade and six bids. Cheddar barrels moved nine loads but close unchanged at $1.60 ¼ per pound. Grade A nonfat dry...