Dairy Markets Week in Review Happy New Year! All eyes are on cheese prices where blocks plunged to the government support level Wednesday, closing the New Year’s holiday week at $1.1325 per pound, down 13 3/4-cents on the week, $1.02 below that week a year ago, and the lowest block price since March 2006. Barrel closed at $1.13, down 17 … Read More
China's Tainted Milk Victims Offered Payments
China’s Dairy Industry Association, a group of 22 milk producers, accused of selling tainted milk that sickened tens of thousands of babies, has agreed to compensate the victims, the state media announced. The Association said it would provide one-time payments to the families of the children who were sickened or who died after consuming milk tainted with melamine, a chemical … Read More
Fonterra Cuts Price to Suppliers
Fonterra Australia has slashed its milk price to farmers and warned more severe cuts are to come. Fonterra managing director Bruce Donnison sent letters to 1,500 of its suppliers last week stating the company had withdrawn its November step-up payment of 7c/kg butterfat and 17c/kg protein. The letter states: “Since writing to you in early November, we have seen a … Read More
New USDA Office Will Provide Eosystem Services
Carbon-trading, a boon for dairy farmers with environmentally friendly protocols, will get a shot in the arm from the new USDA Office of Ecosystem Services and Markets. According to USDA, agriculture producers provide many ecosystem services which have historically been viewed as free benefits to society — clean water and air, wildlife habitat, carbon storage and scenic landscapes. Lacking a … Read More
CWT Accepts Retirement Bids
Cooperatives Working Together (CWT) announced that it has tentatively accepted 184 bids in its second herd retirement of 2008. Those bids represent 61,078 cows and 1.2 billion pounds of milk. In addition, CWT has accepted bids for 1,548 bred heifers in this herd-retirement program. Together, CWT’s two herd retirements this year account for 85,663 cows that produced 1.637 billion pounds … Read More
Kraft’s Offers New Recipe App for iPhone
Kraft Foods is making it easier for busy consumers to plan meals, search recipes and even locate the nearest store through a new downloadable application for iPhone and iPod touch users. The application is called iFood Assistant and is available on the Apple App Store for 99 cents. It is billed as the first of its kind for a food … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cash cheese prices continued their descent Christmas Week, with block closing the shortened week at $1.27 per pound, down 3 1/4-cents on the week, 76 cents below a year ago, and just 14 cents above the government support price. Barrel closed Wednesday at $1.3075, down 4 3/4-cents on the week, 67 1/4-cents below a year … Read More
Merry Christmas!
Merry Christmas everyone! Have a very joyful and loving holiday with your family and friends. Cheers!
EU approves Campina-Friesland Foods merger
EU regulators approved the merger of Netherlands-based dairy food product cooperatives Campina and Friesland Foods on condition they sell certain cheese and dairy drink divisions. The European Commission said the initial merger would have resulted in serious competition concerns in Germany, the Netherlands and Belgium for various dairy products, including yoghurt drinks, cheeses and custards. To meet EU concerns, the … Read More