Period: May 27 – June 21, 2019
In Australia, cooler weather and frost have moved into some areas. Dairy Producers secure hay and feed to last through the winter. Available hay supplies are especially tight in Southern and Western Australia.
New Zealand+2,2% milk production2018-19 season
New Zealand’s full season milk production (from June 1 to May 30) ended +2.2% than the prior season. On a Milksolids basis, figures show +2.4%.
Many dairy processing plants are at low volumes for maintenance and efficiencies.
Cow comfort during cold wet winters: a high priority on many farms
Efforts to ensure cow comfort during cold wet winters are a high priority on many farms.
Dairy commodities prices
The prices of dairy commodities in Oceania are decreasing.
With weaker Western European Butter prices, Oceania price is weaker. In addition, some observers also believe that more Oceania Butter in storage became available to Buyers.
Schedules for SMP production are lighter as seasonal milk production is lower. Not much new SMP production is being sold except through existing contracts. More previously produced SMP became available this week, which contributed to lower prices.
Oceania Cheddar prices are lower. Many Buyers are well covered for immediate needs.
Current WMP production is focused on filling contracts. Buyer noted unexpected increased WMP availability and this factor is attributed as a reason that prices moved lower.
– Assessments about market trend are expressed in US$;
– Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand);
– Source: USDA summarized by the CLAL Team