Global Dairy Commodity Update July 2020
Wholesale dairy markets rebounded strongly from the impacts of COVID-19 with worldwide closure of foodservice outlets – most importantly in the US and Europe – and the cessation of cross-border travel.
CME change affects dairy daily price limits
Effective with trading on June 22, the CME Group amended the daily price limit rule for all dairy and livestock futures contracts.
What Is Lab Milk? Benefits and Drawbacks
People have relied on cows, buffalo, and other animals to produce milk for thousands of years (1).
China protein milk powder imports from Australia, New Zealand jump but questions over use as a supplement for infants
Chinese demand for lactoferrin and whey products has increased dramatically since the coronavirus outbreak due to their immunity boosting qualities
But while stand-alone powder products have been researched, they have not been properly produced or tested to higher infant food standards
Fonterra Dairy’s Ingredient and Solutions Brand, NZMP, to Host First Virtual Webinar
On June 23, 2020 NZMP, a dairy and ingredient solutions brand by global dairy mainstay, Fonterra, will be hosting their first virtual webinar called, Raising the Bar: How to stand tall in a crowded space with innovation, ingredients, and influence.
Cornellian’s dairy waste startup wins NSF Phase II funding
Capro-X, a startup that repurposes dairy waste and began in Cornell Engineering’s Commercialization Fellows program, has received a $724,000 National Science Foundation (NSF) Phase II award.
Cash dairy prices slipping
Most cash dairy prices headed south last week. The Cheddar blocks did set another record high on Monday, at $2.5850 per pound, but the top heavy price tag reversed direction Tuesday and closed Friday at $2.52, down 3.25 cents on the week, ending seven consecutive weeks of gain. It was 73.75 cents above a year ago.
Will Milk Price Strength Extend into the Second Half of 2020?
Milk markets have experienced a remarkable rally over the past two months, driven largely by renewed interest in buying cheese to both meet USDA contracts and to refill foodservice pipelines.
Wild price swings show dairy’s volatility
Dairy prices have gone up, but volatility will remain so long as COVID-19 is around.
China falls short on US dairy imports
China, despite economic woes and its battle with COVID-19, is buying more foreign dairy this year, but the increased imports are doing far less for U.S. producers than the industry had hoped for after the “phase one” trade pact went into effect in February.
