Dairy margins improved over the last half of April, with a combination of higher milk prices and lower feed costs, according to the latest CIH Margin Watch report from Commodity & Ingredient Hedging, LLC.
Yesterday I was on a dairy that feeds colostrum from bottles stored in a refrigerator. They have to warm each bottle before it can be fed. As I stood at the sink in the milk house I asked the calf care person to show me how she warms colostrum. She sat a plastic container in the sink and filled it with water.
Monday’s big jump in cheddar barrels sparked interest in the spot cheese markets, but the price corrected sharply yesterday, closing down 6.25¢. The volume of eight trades was the largest single-day volume going back to the last week of December 2014.
Athens will not back a multi-billion dollar trade pact between Canada and the European Union unless the deal is changed to specify that only Greece can use the term "feta" for its salty white cheese, according to a document seen by Reuters.
Global dairy prices slumped to their lowest in nearly six years on Tuesday as milk powder producers struggled to find buyers for their increased production with demand easing in Asia and other emerging regions.
March U.S. dairy export volumes reached their highest level since June 2014, led by record-high shipments of nonfat dry milk/skim milk powder to Mexico, cheese to South Korea, and lactose and whey protein isolate throughout the world.