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Negotiators Adjourn Talks on Agriculture Bill Until After Recess
House and Senate negotiators adjournment increases the chances of a lapse in programs that could double the price of milk next year.
November 19, 2020 08:43 PM
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Bloomberg
News
Saputo Raises Warrnambool Bid to $473 Million in Dairy Fight
The three-way contest for Australia’s Warrnambool has more than doubled the target’s market value in the two months since Bega, its largest shareholder, made an initial offer.
November 19, 2020 08:43 PM
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Bloomberg
Dairy Business News
Fonterra Cooperative Said to Seek 10% Stake in Australia’s Bega
The contest for dairy manufacturing capacity continues as bidders attempt to raise production and add export infrastructure amid rising demand in Asia.
November 19, 2020 08:42 PM
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Bloomberg
News
Food Stamps Loom Over Negotiations to Pass U.S. Farm Legislation
The farm bill, normally left to rural lawmakers, has emerged as a partisan flashpoint as House Republicans have targeted food stamps for cuts.
November 19, 2020 08:42 PM
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Bloomberg
Dairy Business News
Saputo A$449 Million Bid Tops Rivals for Warrnambool Cheese
Canada’s Saputo seeks to tap growing demand in China with purchase of Australian cheese and butter plant.
November 19, 2020 08:42 PM
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Bloomberg
News
Soybeans Fall on Outlook for Weather to Speed Up U.S. Harvest
Soybeans fell from the highest level in almost two weeks on prospects for dry weather this week. Corn and wheat also declined.
November 19, 2020 08:42 PM
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Bloomberg
News
Corn Climbs on Speculation China Is Buying Cheaper U.S. Supplies
Allendale: U.S. supplies are now $30 to $35 a metric ton cheaper than Chinese corn, which may explain buying interest.
November 19, 2020 08:42 PM
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Bloomberg
Dairy Business News
Murray Goulburn’s A$420 Million Warrnambool Bid Tops Saputo
Analyst says “anything is possible” after Australia’s biggest milk processor outbids Saputo for cheese and butter factory.
November 19, 2020 08:42 PM
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Bloomberg
News
Whole Milk Powder Prices Rise to Five Month High at Auction
Fonterra: “China is so strong in buying whole milk powder, because there are issues of foot and mouth disease in the Chinese herd.”
November 19, 2020 08:42 PM
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Bloomberg
News
U.S. Corn Inventories Top Forecasts; Futures Slump
USDA reports corn and soybean stocks down 17% from 2012.
November 19, 2020 08:42 PM
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Bloomberg
Dairy Business News
Fonterra CEO Says Whole Milk Prices Too High, Need to Decline
Spierings: Higher prices not only push customers toward other milk products but also make substitutes such as soy or vegetable oil more attractive.
November 19, 2020 08:42 PM
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Bloomberg
Dairy Business News
Milk Rally Reversing as New Zealand Drought Recedes
New Zealand’s milk production rebounds, accelerating shipments from the largest exporter just as U.S. supply expands to an all-time high.
November 19, 2020 08:41 PM
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Bloomberg
Dairy Business News
Fonterra to Double China Milk Output After Contamination Scare
The New Zealand-based dairy cooperative will build a second,15,000-cow dairy hub in the Asian nation.
November 19, 2020 08:41 PM
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Bloomberg
News
World Food Prices Fell Fourth Month in August on Cheaper Grains
The dairy price index gained 1.2% last month.
November 19, 2020 08:41 PM
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Bloomberg
Dairy Business News
Whole Milk Powder Auction Prices Sit Near Four-Month Highs
Whole milk auction prices have surged 58% since the start of the year.
November 19, 2020 08:41 PM
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Bloomberg
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