Dairy Trade
The demand for dairy is evident and the current robust milk futures market has taken notice. Mike North talks about the dynamic dairy market that both the domestic and global demand for U.S. dairy has created.
Despite the U.S. winning its first challenge over dairy with the U.S.-Mexico-Canada Agreement agreement in January, Secretary of Agriculture said he is not satisfied with the market access into Canada for dairy products.
Dairy exporters from Argentina and Uruguay are looking for new dairy markets to offset the loss of the Russian market.
War in Ukraine will accelerate inflation for critical inputs along dairy supply chain.
As one of the only export regions with growing milk output, South American dairy exporters face a time-limited opportunity.
Opening a milk check that surpasses $20, a price not seen since 2014, gives producers reasons to cheer. However, most producers wonder if this is all too good to be true and how long will the good times roll.
The International Dairy Foods Association, the Port of Los Angeles, and CMA CGM, announced the formation of a Dairy Exports Working Group aimed at identifying and addressing dairy supply chain issues.
Can you imagine what the industry will look like in the next 50 years?
The market is trying to find the balance between perception and reality. Exports have been exceptional, and the potential is for increased exports to Canada due to the USMCA panel determination. Prices will be volatile.
New trade agreements and strong demand north of the border created a strong pull on U.S. dairy
The fifth largest economy could overtake China in a few years to become the world’s most populous.
Next year could be a big year for dairy exports with the forecast up nearly $2 billion.
The continued strength of milk futures shifted the mindset of traders to bullish as dry product prices provide support to the market.
Held in Las Vegas Nov. 30 - Dec. 2, the 18th Annual MILK Business Conference has a great line-up of speakers and sessions to help dairy producers capitalize on and further develop their strengths to work for them.
DMI announced that Tom Gallagher will retire from his three-decade tenure as chief executive officer. A delivered mission of increased sales and trust is the legacy that the longtime CEO says he hopes he leaves behind.
COVID-19 is spurring complications across the U.S. dairy supply chain, curtailing domestic demand and export flows during a time of record milk production.
As Mexico’s economy recovers so too will slowing dairy exports to the country
Colombian producers claim U.S. dairy products are causing them undue hardship.
The U.S. is challenging Canada’s allocation of dairy tariff-rate quotas (TRQs), specifically the set-aside of a percentage of each dairy TRQ exclusively for Canadian processors.
New Zealand, Europe, and other South American countries will continue to compete for market share
Backlogs in shipping capacity do not bode well for dairy products. Transporting a truckload of cheese from central California to eastern Wisconsin costs about $6,072 today – or about 14 cents per pound.
Wholesalers and retailers in Brazil are having to cut prices to move dairy products.
In 2020, the U.S dairy industry exported more than $6.5 billion of dairy products despite the Covid-19 pandemic. What will dairy exports look like in 2021?
Major dairy exporting regions show positive milk production growth in 2020.
“In my heart, it honestly feels like they were trying to bully or scare people into just paying it.”
The U.S. Trade Representative on Wednesday announced they will initiate official consultations with Canada to examine the country’s Tariff Rate Quota (TRQ) obligations.
What’s Jim Dickrell’s take? “In the end, it is safe to say there is no one villain who is culpable for the dairy crisis. It’s also safe to say there is no one solution.”
Shutting down access to the U.S.-Mexico border could impact a relationship between the largest buyer of dairy exports which has two dairy cooperatives concerned.
Now that the trade dispute between Canada and the U.S. has died down, maybe the two countries can resume normal relations.
In their October World Agriculture Supply and Demand Estimates report, USDA boosted both milk production and the 2019 all milk price forecast.