Period: August 10 – 21, 2015
OCEANIA
- Milk production: is up over last year.
- Milk producers: due to falling milk prices, farmers are looking for other companies that might have higher payments. They are also looking for ways to cut operating costs. Most will not be able to buy any additional feed, so they are hoping for favorable spring weather for ample pasture.
MILK PRODUCTION
- Australia *: +2,60% (Jul 14-Jun 15 vs. Jul 13-Jun 14)
- New Zealand *: +8.09% (Jun 15 vs. Jun 14)
BUTTER (82%): prices moved higher at the lower end of the range. Low stocks as most milk is clearing into cheese production and domestic demand grows. U.S. butter importers are reaching their quotas, but are saying it may be worthwhile paying duties if U.S. butter prices stay at the 2 USD/lb level.
CHEDDAR CHEESE: prices moved higher, following latest GDT (Global Dairy Trade) auction. Most manufacturers are utilizing milk intakes for cheese production due to higher returns. Strong demand for hard cheeses into the U.S. Some producers are reporting demand in China is starting to increase.
SMP: prices increased at the lower end of the range, following an increase in the GDT auction. Bigger sales volumes are getting a discount. Production is steady. Most producers are making SMP due to ongoing butter production.
WMP: prices moved higher at the lower end of the range. Production is slow. Most producers would rather make butter and SMP due to better returns. WMP is mainly made to order, but some manufacturers are reporting high inventory levels.
Prices of dairy commodities in Oceania moved higher.
Farmers are looking for companies that might have higher payments. They are also hoping for favorable spring weather for ample pasture.
CLAL.it – GDT (Global Dairy Trade) auction results: August 18, 2015
CLAL.it – Butter prices in Oceania, United States and Germany
Note: · 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
More informations about milk production in New Zealand and Australia are available on CLAL.it
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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.
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