Higher stocks keep lid on milk prices
U.S. dairy farmers continued to rein in year-over-year increases in milk production in November, but markets aren’t responding.
Production pressure sees Rabobank lowering farm gate milk price forecast despite another small lift in recent GDT auction results
Despite a continued slow-down in milk supply growth across the “Big 7” dairy exporting regions in the final quarter of 2018, exceptionally strong New Zealand milk production in recent months has seen Oceania commodity prices drift lower and a weaker New Zealand milk price of NZD 6.25kg/MS is now forecast for 2018/19, according to Rabobank’s latest Dairy Quarterly report.
Share price falls after Bega Cheese announces low after-tax profit
SHARES in Bega Cheese have fallen 14 per cent after the company announced lower-than-expected profits for 2018-19.
Why Rabobank dropped its forecast milk price
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Bega share price sours as farm gate milk price rises hit earnings
Bega Cheese chairman Barry Irvin has blamed the failure of the east coast grain harvest and increased competition for dairy shortages that will force it to pay more for milk and eat into earnings.
Rise of 1, 7% in dairy price
Global Dairy Trade Event 226 concluded with the GDT Price Index up 1.7%
Fonterra plans fixed milk price option for farmers
Fonterra said it planned to help farmers take some of the guesswork out of their finances by introducing a fixed milk price.
Australia’s $2 million milk price index ‘useless’
Australia’s $2 million milk price index is a flop, with just 38 farmers lodging their details on the site since it was launched in July.
The New Federal Order Will Bump Prices in California
It appears that the new Federal Milk Marketing Order in California will do what proponents hoped it would do: Bump milk prices.
Fonterra slashes milk price forecast
Fonterra has cut its farmgate milk price forecast for 2018/19 to $6.00 to 6.30 kg of milk solids from a previous range of $6.25 to $6.50/kg, and has confirmed that its Tip Top ice cream business is up for sale.