NMPF SUBMITS MILK-PRICING PLAN TO USDA, MOVING FMMO MODERNIZATION FORWARD Upon official acceptance, USDA will have 30 days to review the plan and decide whether and how to move forward with a federal order hearing to review the plan. Highlights include: Updating dairy product

Milk processor Westland Milk Products is building a new $70 million lactoferrin plant at its Hokitika site. The new plant will secure Westland Milk as one of the world's leading producers of highly prized bioactive ingredients, the company says. ruralnewsgroup.co.nz/dairy-news/dai…

Fonterra has established its fifth application centre in China, but unlike the other four, the newest one is focused on beverage applications. The facility opened last week and is based in the country's southern city of Shenzhen. ruralnewsgroup.co.nz/dairy-news/dai… #nuimarkets #Milk #dairy

Sluggish milk production in New Zealand and restrained demand for dairy products have finished the 2023 New Zealand dairy season with a mixed auction outcome on Global Dairy Trade. farmersweekly.co.nz/markets/milk-p… #dairy #milkprices #nuimarkets #dairyindustry

The United States has reported an atypical case of bovine spongiform encephalopathy (BSE), commonly known as mad cow disease. However, they report that negative trade implications are unlikely. Read more here: abc.net.au/news/rural/202… #nuimarkets #dairy #milk #dairyindustry

USDA’s dairy outlook for next year shows more milk, lower prices, and a relatively good outlook. They predict smaller herd sizes, but larger milk output per cow. Read more here: rfdtv.com/more-milk-lowe… #nuimarkets #dairyindustry #dairynews #milk

Leading milk producer India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for ice cream, and a contagious cattle disease. Read more here: cnbc.com/2023/05/25/wor… #dairy #milk #nuimarkets #dairyindustry #india

New federal funding aims to offset high feed costs for organic dairy farms in the US, with the Organic Dairy Marketing Assistance Program will pay farms 75 percent of their projected marketing costs for the year. wpr.org/federal-fundin… #nuimarkets #dairyindustry #milk #dairy

Fonterra has announced cuts in this season's milk prices, with farmers expected to earn $8 per kgMS, a fall from the forecast of $8.30 per kgMS, as Chinese demand lags behind pre-pandemic levels. Read more: stuff.co.nz/business/farmi… #nuimarkets #dairy #dairyindustry #milk

Fonterra is closing the cheese plant at its Edendale dairy processing site, with 34 jobs impacted. Read more here: stuff.co.nz/southland-time… #dairy #nuimarkets #cheese #dairyindustry #milk

The decline in domestic consumption of fluid milk, cheese, and butter portrays a negative trend for U.S. dairy.  Will inflation come down and will domestic consumption pick up?  Can export markets increase to keep the U.S. dairy industry growing?  There is a lot of uncertainty in

In what is great news for suppliers, opening milk prices are already on the rise as processors scramble to secure supply for the 2023-24 season, with $9/kg of milk solids offered up by Saputo, and Fonterra and Bega matching soon after. Read more: riverineherald.com.au/dairy/milk-pri… #dairy

Dairy Farmers of America, a major dairy cooperative with 83 processing facilities, had decided to withdraw its membership from the International Dairy Foods Association over IDFA’s decision to proceed with its single-issue petition to modify the federal milk marketing order

Australian farmer confidence has improved marginally thanks to easing concerns about commodity prices and input costs, however it remains in negative territory overall. pakenham.starcommunity.com.au/news/2023-06-1… #nuimarkets #dairy #commodityprices #australia #commodities

Dairy Farmers of America has decided to withdraw its membership from the International Dairy Foods Association over IDFA’s decision to proceed with its single-issue petition to modify the federal milk marketing order system. agri-pulse.com/articles/19576… #nuimarkets #dairy #idfa

Summer heat has set in across most of the country with high temperatures causing contraction in milk supplies. The drop will likely by accelerated further by low milk prices. Class III markets continue to fall with the JUL23 contract settling below $14/cwt. on Thursday and

One thing I found most interesting that Danone shared was: “While 75% of people find it important to eat nutritious foods, less than 40% of Americans consider the foods they eat to be extremely or very nutritious, and this disparity is either the same or more significant for

EU geographical indications to be protected under New Zealand FTA The deal will also shield “EU producers of sensitive agricultural products”, such as dairy and beef, from competition, the commission said. Zero or lower tariffs will be “limited” for New Zealand importers of

The 2024 US milk production forecast has been reduced from last month, due to lower dairy cow inventories and slower growth in milk per cow. Read more in the USDA report here: usda.gov/oce/commodity/… #dairy #milk #dairyindustry #nuimarkets

“China is moving very quickly, attracting some great brands there. That competition for top talent had never been stronger and so finding ways to attract the best people to your company and work for you is one of the big challenges.” One of the biggest “evolutions” in the market