Dairy Report: What China’s Slowing Economy Means for Dairy
China’s slowing economy is not helping global dairy prices. The country’s second quarter GDP grew 6.3% compared to the same quarter last year, smaller than what analysts expected. Last year GDP grew only by 0.4%, the second smallest growth rate in the past 10 years. Market watchers say China has been importing few dairy products…
Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according…
The Basics of Carbon Credits
As the dairy industry has been making large strides to become carbon neutral by 2050, dairy farms are adopting new practices to lower carbon emissions on farms. Many discussions about becoming carbon neutral have been lately geared toward carbon credits and markets. Some calling it a potential gold rush for agriculture. However, the carbon market…
Plant-Based Milks Lack Naturally Occurring Nutrients
More people are drinking milk alternatives made from plant sources such as oats, soy, or almonds, but do plant-based products deliver the same nutrition as cow’s milk? Results from a new study suggest that most don’t. Cow’s milk is an important source of calcium and vitamin D, both of which are identified in the 2020-2025…
What shapes the future of animal feed?
The first in-person edition of the All about Feed forum brought together renowned speakers who delved into the latest developments in sustainable initiatives and innovations towards a more sustainable and efficient feed market. This report supports the main discussion points of the forum with recent scientific findings related to dairy production. Circularity, the backbone of…
What Can the Dairy Industry Do to Fight Hunger?
I have seen many advertisements and public service announcements lately about food insecurity. It’s difficult to grasp the scope of this national issue in terms of what I can do, or what the dairy industry can do. Let’s first focus on Pennsylvania and the needs within our borders. The problem seems too big otherwise. According…
Tetra Pak Launches Dairy Processing Decarbonization Task Force
Tetra Pak, a food processing and packaging company, has taken a step toward promoting sustainability in the dairy sector. The company has established the Dairy Processing Task Force, which is in part of its efforts to reduce greenhouse gas emissions and participate in global efforts for a net-zero dairy industry. The task force coalition aims…
China dairy price boost ‘unlikely’ as demand stalls
Weak Chinese demand for dairy, coupled with strong global supplies, shows no sign of improving as a number of processors cut their base price for June milk supplies. Tirlán cut its base price to 38.08c/L, a 2c drop, with its chairman John Murphy saying: “Dairy market prices have weakened significantly in recent weeks and unfortunately…
Startups are producing real dairy without a cow in sight
The global dairy industry is undergoing a remarkable transformation, thanks to the innovation and ingenuity of startups. These companies are challenging the traditional methods of dairy production by creating real dairy products without a cow in sight. Using advanced techniques such as precision fermentation, these startups are revolutionizing the way we think about dairy and…
Dairy Report: All-Milk Prices Continues its Descent
Lower milk prices continue to be the story for the dairy industry, and USDA is predicting this trend will continue for a while. Forecasters once again cutting this year’s all-milk price projections in the latest supply and demand report, dropping the price 40 cents to $19.55 per cwt. Milk production projections for 2023 were left…