Period: January 21 – February 1, 2019
Heat in Australia is generating wildfires, dust storms, power outages. Feed is getting harder to find, poorer quality and more expensive. Some dairy producers are having great difficulty getting enough water to cows.
-4.9% milk production
New Zealand is approaching a four to six weeks period when the final outcome of the milk production season will be essentially determined. The very good seasonal increases so far are not expected to decline much.
production in 2018
Oceania Butter prices firmed, but they remain lower than European prices. Price strength is expected to continue in the coming months. Spot market availability is limited.
Prices for SMP increased slightly and this trend is expected to continue in the coming months. SMP demand remains strong and production has begun to slow for the season. WMP prices in Oceania strengthened. Buyers are eager to lock in future supplies.
Oceania Cheddar prices slightly firmed. Production is taking care of existing commitments. Stocks need to increase before the low months of milk production.
- 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