German food exports to China rose almost 47 percent in the first half of this year, the Federal Association of German Food and Drink Industries (BVE) said on Monday, despite a slowdown in Chinese economic growth.
Fans of Blue Bell ice cream celebrated the return of the popular brand on Monday in parts of Texas and Alabama, four months after it was withdrawn from the market after being linked to cases of Listeria, three of them fatal.
Depending on what happens next month, dairy farmers insuring margins at the second-highest tier under the Margin Protection Program for Dairy (MPP-Dairy) might even see a small indemnity payment. USDA’s Farm Service Agency (FSA) announced a July 2015 Margin Protection Program for Dairy (MPP-Dairy) margin of $7.44659/cwt.
Global milk prices, depressed by oversupply, should start to pick up at the beginning of 2016 partly because supply in China will ease, the head of one of Europe's biggest dairy companies, Arla Foods, said on Monday.
U.S. average all-milk prices continued a five-month stretch within a 30¢/cwt. range, according to the USDA/NASS Ag Prices report. USDA estimated the July 2015 U.S. average all-milk price at $16.60/cwt., down 30¢ from June, and $6.70 (29%) less than July 2014.