Investment Opportunities in Vietnam’s Dairy Sector
Vietnam’s dairy sector is experiencing strong sales growth on the back of a middle-class that is expanding by the day. In this article, Vietnam Briefing examines opportunities in the sector for foreign firms but also the hurdles they may face. Vietnam’s growing population and the increasing wealth of its middle class is seeing demand for…
Lee Mielke: Milk estimates lowered in USA for 2024
The Agriculture Department lowered its milk production forecasts for 2023 and 2024 in the latest World Agriculture Supply and Demand Estimates report. The 2023 forecast was reduced from last month as milk cow numbers were revised lower in the latest Milk Production report, and the lower estimated numbers were carried into the fourth quarter forecast….
USDA plans to devote $2.3 billion to fund DAiry exports
The National Milk Producers Federation (NMPF) and U.S. Dairy Export Council (USDEC) praised today’s announcement from the U.S. Department of Agriculture that it plans to devote $2.3 billion from the Commodity Credit Corporation to promoting better market opportunities for U.S. agricultural producers and expanding food aid to support communities in need around the world. The…
Commentary: How USDA policy damages dairy farmers
The national federal milk marketing order pricing formula hearing, held in Carmel, Ind., commenced on Aug. 23. If the goal of the federal government and the USDA in particular is to destroy the family dairy farm, U.S. dairy policy should continue on its current course, as it has been very effective in destroying the traditional…
USDA Announces Milk Loss Assistance for Dairy Operations
The U.S Department of Agriculture (USDA) has announced Milk Loss Program (MLP) assistance for eligible dairy operations for milk that was dumped or removed, without compensation, from the commercial milk market due to qualifying weather events and the consequences of those weather events that inhibited delivery or storage of milk (e.g., power outages, impassable roads,…
The rise of lab-grown dairy: a sustainable solution for the future
Recently, there has been a lot of talk surrounding cultivated meat, especially after Upside Foods and Good Meat received final U.S. Department of Agriculture (USDA) approval to sell lab-grown meat for the first time in the U.S.. And, although perhaps less talked about, cultivated – or lab-grown – dairy could also be set to take off, and can…
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…
School Mandates Milk Propaganda at Anti-Dairy Event
A California high school student wanted to pass out literature critical of the dairy industry outside her school’s cafeteria—but the school administration wouldn’t let her, fearing that, unless she passed out pro-dairy flyers as well, the school would be found in violation of U.S. Department of Agriculture rules that bar anti-dairy speech on school grounds….
Butter Prices Rise While Cheese Prices Fall in USA
USDA released their monthly Dairy Products report on Friday with results showing total cheese production at 1.229 billion, down 0.2% vs. last year. American-type cheese production stood at 499 million for March, up 3.2% year-over-year. Butter totaled 205 million, 1.4% stronger compared to the year prior. Nonfat dry milk and skim milk powder production was…
Milk production surge continues in USA
On Wednesday afternoon, USDA released the most recent U.S. milk production report. Production continues to increase as the report stated that, “Milk production in the 24 major States during January totaled 18.5 billion pounds, up 1.5% from January 2022.” Production has now been up on a year-over-year basis for seven months in a row! The…