Latest News From Milk Prices

Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, raised its forecast milk payout to New Zealand farmers more than economists expected and said full-year earnings increased.    

As jobs become more plentiful and wages rise, consumers gain confidence

Federal government shutdown next week, if it comes, will disrupt hearings hardly before they got started. 

The news of the extension did not surprise Dairy Today Editor Jim Dickrell, who has followed the implementation of the new program.

Agriculture Secretary Tom Vilsack today announced that the deadline to enroll for the dairy Margin Protection Program for coverage in 2016 has been extended until Nov. 20, 2015. 

“If you eat a dairy product at McDonald’s, that product was created by our own [DMI] scientists." --DMI CEO Tom Gallagher

Rising butterfat values are pushing protein prices lower, suggesting producers with the highest butterfat component will fare best.

For the year, total milk production is up 1% after dairy quotas were eliminated March 31

Global dairy prices jumped for a third straight auction on dwindling milk supply, prompting some economists to revise up forecasts for Fonterra Cooperative Group’s payout to New Zealand farmers.

But most of these world prices lag U.S. domestic spot prices--though the gap is narrowing. 

Year-to-date sales now exceed 1 billion lb. of milk equivalent. 

While there’s reason for hope, there’s also reason to be cautious.

With just under 50 million inhabitants, Colombia holds some of the best potential for U.S. export growth. 

U.S. consumers drank 1.7 million pounds more milkfat in June than a year ago.

Of those farms remaining, 45% have put expansion plans on hold.

Marc Beck: We don’t think real recovery is at hand.

Cash-strapped, New Zealand producers facing tough decisions.

But world prices still lag those in the U.S.--sometimes by a bunch. 

Analysts cannot blame the drought for the woes of Golden State dairy producers

What latest production report means for milk prices. 

Reverses trend of decreasing monthly increases, if that make sense

China’s decision to devalue its currency could prove beneficial for U.S. milk powder exports in the short term

New Zealand whole milk powder futures are pointing to the first gain in GlobalDairyTrade auction prices since February after Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, cut the volume it will offer.

With milk prices down a third from a five-year high in September, Wisconsin dairy farmers are feeling the pinch in their pocketbooks.

Purchases by the major buyers was flat, after five years of healthy growth.

Bringing California into the Federal Order system would mean higher pay prices, thus more milk in the Golden State