Chinese agencies also are investigating 23 cases of possible monopoly violations by overseas companies.
Milk supply growth to reduce, but not puncture, international prices over next 6 months.
University of Wisconsin dairy economists discuss dairy market implications.
Year to date, CWT sales are the equivalent of 1.725 billion pounds of milk on a milkfat basis.
CWT has accepted four requests for export assistance from Dairy Farmers of America and Northwest Dairy Association to sell Cheddar cheese to customers in Asia and North Africa.
Milk prices are forecast in the $17-$19 range for this year and next.
The membership requirement will increase from 2¢ per cwt. to 4¢ per cwt. for the dairy export assistance program.
Gains were led by an unprecedented level of milk powder shipments.
California can ship dairy products to China for less than it can eastern U.S. markets.
University of Wisconsin dairy economists say tight global supply and demand situation should support Class III prices at $19.
Cooperatives Working Together has accepted six requests for export assistance from Bongards and Darigold to sell 860 metric tons of Cheddar, Gouda and Monterey Jack cheese.
Imports from key customers were mostly higher in early 2013, led by record purchases from China.
Year-to-date, CWT sales are the equivalent of 1.599 billion pounds of milk--more than USDA’s projected increase in milk marketings for all of 2013.
Some 3,000 dairy farms are up for renewal in the coming months.
Inaction puts U.S. “behind the curve."--Jerry Kozak, National Milk Producers Federation.
University of Wisconsin dairy economists predict a recovery period for dairies.
CWT has accepted 9 requests for export assistance from Darigold, Foremost Farms, and United Dairymen of Arizona for customers in Asia, the Middle East and North Africa.
Milk powder prices have risen more than 50% since early March, and butterfat and whey prices have posted double-digit increases.
Bringing the dryer online is a milestone for the Seattle-based company after a fire destroyed the dryer in February 2012.
‘We can make a lot more money drying milk and exporting it to China.’ -- CDI CEO Andre Mikhalevsky.
The new rail link into New Zealand site is expected to carry 200,000 metric tons of milk powder in its first year.
A decline in livestock margins has been offset to a degree by rising animal protein prices and growing exports.
New Zealand powder for June delivery gained 12.8%; Fonterra increases prices for farmers.
Milk futures are poised to end their longest slump since 2008 as New Zealand’s reduced milk output forces China and other buyers to import more from the U.S.
Cooperative’s annual meeting draws nearly 1,500 to Kansas City.
CWT has budgeted $30 million to incentivize dairy exports in 2013. Year to date, it has already spent $7 million.
Buyers scramble to secure reduced New Zealand supply before the end of the season.
European dairy quotas are scheduled to end in 2015, though recent action challenges that notion.
Japan’s entry could offer more access for U.S. dairy exports. But it also could slow the negotiation process, now in its 16th round.