The National Milk Producers Federation and Dairy Management Inc. have just released their February 2015 Dairy Market Report. The dairy industry is moving further into the price correction that will define the first half of 2015. Chicago Mercantile Exchange futures markets indicate that U.S. average milk prices will hit the year’s lowest levels in March and April, while milk-price-overfeed cost … Read More
January 2015 Dairy Market Report
The January 2015 Dairy Market Report brought to us by Dairy Management Inc. and the National Milk Producers Federation is out. Milk prices in 2015 will be significantly below last year’s record level, as last year’s tight market conditions continue to reverse themselves. Imports by the major dairy-importing countries are well below levels of a year ago, while milk production … Read More
December Dairy Market Report
The December issue of the NMPF-DMI Dairy Market Report is out. It advises that domestic commercial use of milk is keeping pace with milk production, but that eroding export volumes are causing total consumption to lag behind production growth. That’s keeping downward pressure on milk prices. The dairy futures outlook for the all-milk price for the first half of 2015 … Read More
Rapid Intensification of Brazilian Beef Production to Continue
In response to rising global beef demand, Brazil is set to step up the rapid intensification of its beef production sector over the next ten years, enabling the industry to expand into higher-value export markets. According to its latest report “Beefing up in Brazil: Feedlots to Drive Industry Growth,” the Rabobank Food & Agribusiness Research (FAR) and Advisory group expects … Read More
Webinar to Help Producers Expand Profitably
CattleFax will hold another of its popular CattleFax Trends+ webinars at 5:30 p.m. MT, Wednesday, Sept. 17, 2014, and registration is now open. Previous Trends+ webinars have attracted nearly 1,500 cow-calf producers, stockers and backgrounders over the past year. The upcoming webinar will provide producers and industry leaders with a discussion on market factors affecting the cow-calf, stocker and backgrounding … Read More
New Special Dark Chocolate Milkshake
HP Hood’s Hershey milk line is introducing a single-serve Hershey’s Special Dark Chocolate milkshake. Sounds delicious! With the popularity of single-serve milk and chocolate milk positioned as a recovery beverage, processors like Lynnfield, Mass.-based HP Hood are taking notice. The new milk product is inspired by Hershey’s Special Dark flavor within its candy line. Along with the existing milk flavors, … Read More
Plant to Open in Arizona
Franklin Foods Inc., a cream cheese company, announced plans to open a manufacturing facility in Casa Grande, Arizona. Production is expected to begin in early 2013. The plant in Casa Grande would be the second manufacturing facility for Delray Beach, Fla.-based Franklin Foods. It would expand the company’s rapidly growing food service, industrial, retail, private label and international businesses. The … Read More
Co-ops Announce Proposed Merger
The board of directors for Family Dairies USA, Manitowoc Milk Producers Cooperative and Milwaukee Cooperative Milk Producers have unanimously voted to recommend a unified merger for their membership. Combined, these three cooperatives could soon become the largest Midwest dairy marketing cooperative under the new name of FarmFirst Dairy Cooperative. “We are extremely excited about the future this effort will offer … Read More
Dairy Reports at Risk in USDA Budget Cuts
Some USDA reports vital to dairy producers could be on the budgetary chopping block. A recent Farm Foundation webinar featured several speakers from the federal government, private industry and commodity groups discussing how to head off cuts to many market reports. Jim Robb, the Senior Agricultural Economist and Director at the Livestock Marketing Information Center, told the panel that the … Read More
Greek Yogurt Just Getting Started
Chobani, the maker of Greek yogurt in upstate New York, thinks that the Greek yogurt trend has just gotten started. Its plant already pumps out 1.5 million cases of the thick yogurt every week, and pallets are stacked four stories high in the chilled warehouse. But like other Greek yogurt makers, Chobani is expanding. Greek yogurt now accounts for a … Read More