Latest News From Global Economy

While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.

China's Commerce minister expressed concerns over trade and tech restrictions to U.S. Senate Majority Leader this week. That's as the U.S. Commerce Department added 42 more Chinese companies to the export blacklist.

While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.

“When Ukraine fails, in terms of their ability to produce agricultural products, the world becomes less safe,” says Howard Buffett, global philanthropist and Illinois farmer.

Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.

If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government's operations and ward off a historic default.

China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.

Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.

Nearly two years after COVID-19 invaded our world, we are still living with its disruptions, but we should not overlook the more traditional factors also at play.

According to the Food and Agriculture Organization (FAO), food prices are up 40% over the past 15 months.

Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point.

How do America’s food companies compare with the market’s overall average? The results – this week’s sell-off notwithstanding – are favorable.

As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.

The most impressive exchange rates changes this year have been the devaluations relative to the U.S. dollar (USD) of the Argentinian Peso and the Brazilian Real.

What are possible outcomes if Pres Trump follows through on threat to withdraw from NAFTA?

Business Lobby Risks Clash With Trump on Trade, Immigration 

New Zealand pasture growth raises questions about milk output.

Last month Chinese officials announced they were lowing import tariffs on certain types of cheese.

As we get closer to 2018 economists are watching 5 important variables that could impact the dairy economy.  

While we would like to see all major markets consuming and importing more dairy, the health of the global dairy market relies on a strong China—which is why this year’s purchase patterns have been such a welcome development.

NAFTA Ministers Extend Trade Talks into 2018 amid Deadlock

Global consumption seen rising 3% in 2017, USDA data show.

Canadian Prime Minister Justin Trudeau says he will continue to defend the supply management system that protects the Canadian dairy industry in talks about revamping the North American Free Trade Agreement.

Billionaire to spend on sugar, rice and dairy production.

Having an Agriculture Secretary with on-the-farm experience has farmers and ranchers eager to see what Sonny Perdue can get done at USDA.

Yili also cancels plan to raise 9 billion yuan in placement.

Competition in yogurt, cheese market stiff as milk sales slow.

The biggest U.S. dairy importer is talking with New Zealand and buying more from the EU. Guess why.

Gov. Scott Walker says he spoke with President Donald Trump about the nearly 40 Wisconsin dairy farmers desperately seeking help after being dropped by their milk buyer following a Canadian policy change.  

Nonfat dry milk futures are down 12% amid trade war concerns.

Canada to defend its protectionist dairy system in NAFTA talks.

Canada's ambassador to Washington said Tuesday night that President Donald Trump is wrong when he says Canada's trade practices in the dairy industry are "very unfair."

Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta.

With a growing population, global milk production is expected to keep increasing for nearly a decade.

Chances for passing the 12-nation Trans Pacific Partnership agreement, which includes ag and dairy exports, may depend on a lame duck session of Congress.

Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, maintained its forecast milk payout for the current season even as a strong New Zealand dollar hurts its global competitiveness.

The U.S. is sitting on more butter and cheese than it knows what to do with, and the Europeans are to blame.

The program, called EMAlert, models the decision-making behavior of fraudsters when they decide which food commodities to adulterate.

Danone reported first-quarter sales that beat analysts’ estimates and forecast improvement in the dairy business, sending shares up the most in two months.

Nonfat dry milk/skim milk powder prices tend to rise and fall with crude oil prices.

Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, is bringing forward dividend payments to help struggling farmers in New Zealand after first-half profit more than doubled.

Banks can cope with the dairy downturn in New Zealand, even though about half the country’s farmers are experiencing a second straight season of losses, the central bank said.

Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, cut its milk price forecast to a fresh nine-year low as oversupply continues to depress the global market.

Indian producers will add 2 million milk cows in 2016 and 6.5 percent more milk to global supply.

Delayed production response to low prices in Europe casts long shadow over world price recovery

According to USDA's Livestock, Dairy, & Poultry Outlook for February 2016, it could be an ugly year for dairy farmers.

The global over supply of milk is pushing prices downward and giving bankers around the globe heartburn.

Saputo Inc., Canada’s largest dairy processor, said the Trans-Pacific Partnership trade accord will result in few global opportunities for domestic producers as the country’s quota system and import restrictions remain intact.

Milk prices in the U.S. continue to feel downward pressure and global markets are to blame.