Tariffs Could Cause Dairy, Meat Price Drop for US consumers

Prices for dairy products could drop between 5 percent and 10 percent due to U.S. farmers losing some international markets as a result of tariffs, according to Strategic Resource Group. The group also expects meat prices to drop 5 percent initially, with a maximum of 12 percent due to oversupply and insufficient demand in the … Read more

US – Nearly 635 million kilograms of American cheese are in cold storage in the United States. That’s roughly 1.8 kilos of cheese for every American, the highest amount since record-keeping began in 1917.

And that amount could go higher as the two main US dairy states – California and Wisconsin – deal with the impact of retaliatory tariffs on dairy products from Mexico and China. On 5 July, Mexico and China put tariffs on $986 million worth of US dairy exports-$408 million worth of cheese to China and … Read more

Global dairy prices in NZ drop due to bigger supply

WELLINGTON, July 4, 2018 (Reuters) – Global dairy prices fell at the biggest pace this year at a fortnightly auction held early on Wednesday, as strong supply muted what buyers were willing to pay for key products. The results came after New Zealand milk producer Fonterra said on Tuesday its total milk production in the … Read more

Rabobank: How the Industry Can Respond to the Rise of Dairy-Free

Global demand for dairy is expected to grow by 2.5 percent for years to come, with demand for non-fluid categories offsetting weak fluid milk sales,” says Tom Bailey, RaboResearch Senior Analyst – Dairy. “While it’s not essential to diversify into dairy alternatives, it would be wise for the dairy industry to at least learn one … Read more