As dairy farmers try to manage risk moving into 2019, about the only thing you can say is that there is uncertainty as to which risk management tools is best.
Global dairy prices dropped for a fourth consecutive time at a fortnightly auction on Wednesday as production in New Zealand showed signs of a potential turnaround after weak levels earlier in the season.
Strong global demand snaps four consecutive price drops in the Global Dairy Trade Price Index which rose 2.7% fueled by weak New Zealand production which points to more price gains.
'Proprietary handlers establishing new forward contracts on or after October 1, 2018 will not be exempt from paying minimum Federal order prices.' --USDA
Tariffs impacting dairy trade, a dairy processor buying a majority stake in a non-dairy milk company and a conservation easement program aimed at helping dairy farmers in New York are making headlines..
Consumers claim to know where plant based milk comes from and Canadian dairy producers are concerned about the profitability of their operations. Learn more in a recent Dairy Report video from AgDay.
A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said.
New Zealand's Fonterra Co-operative Group said on Thursday it will cut the price it pays Australian dairy farmers for their milk, following a similar move by rival Murray Goulburn amid a fall-off in demand from China.
