President Biden moves to address food insecurity through executive order
President Joe Biden has signed an executive order (EO) that increases food assistance for families missing meals due to school closures and gives additional funding for SNAP
Dairy Markets See Strong Start to the Year
In my previous article at the end of December entitled “Will Extreme Volatility Continue?”, I discussed the volatility that might be experienced in 2021.
Mexico’s Shaky Economy Means Lower Dairy Imports
Like many countries, Mexico has been reeling from the twin crises of unemployment and the coronavirus pandemic, and that has negatively affected sales of U.S. dairy products to its southern neighbor—also the United States’ largest dairy export market.
Global food prices continue to rise
The FINANCIAL — Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations.
Fonterra raises forecast milk price as first-quarter earnings up
Fonterra lifted its forecast milk price on Friday, as demand from China remained strong.
Dairy: Negative PPDs One More 2020 Irritant
Negative Producer Price Differentials (PPDs) throughout the summer grabbed headlines, created confusion (sometimes anger) and increased basis risk for dairy farmers already struggling to cope with unprecedented supply, demand and pricing challenges.
INTERVIEW RON O’BRIEN – GLOBAL DERIVATIVES DIRECTOR – INTERFOOD INC.
INTERFOOD GAVE ME AN OPPORTUNITY TO ACHIEVE MY PROFESSIONAL OBJECTIVES
Dairy: India and US make progress in bilateral trade talks
India’s ambassador to the United States told reporters that concluding current negotiations on a limited trade deal is a vital first step in creating a comprehensive trade pact in the future.
Politics messes trade flows – the ugly details
Guy Trafford unstitches the signals from the latest dairy auction, the mess politics has made of American farm exports, and looks at the unseemly ignoring of drought assistance for east coast farmers.
EXCELLENT NEWS – Cheese Inventories are Currently in Check and the COVID-19 CFAP Program Will Bring Additional Improvements
The dairy industry is in turmoil. Milk is being dumped, April Class III prices were extremely low, food service sales of dairy products are way down, and there is no clear path for the U.S. or global economies to return to normalcy. However, recently, futures prices for Class III milk and cheese have risen significantly.
