Period: July 22 – August 2, 2019
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In New Zealand, pasture grass is in good condition. June 2019 milk production was +14.1% from June 2018. June is the first month of the new season and the lowest milk production month.
Dairy commodities prices
After the recent increase, the prices of dairy commodities in Oceania are steady.
WMP is typically the priority production use for milk, but at current seasonally low milk output, even many WMP plants are well below production capacity.
Very limited quantities of SMP, Butter and Cheddar Cheese are being manufactured during this low point of the milk production cycle.
Buyer interest for Butter is good and contracting is underway for future months. Spot market sales are infrequent.
- 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