This week futures prices have come off their relative highs and are again challenging the low side, while spot cheese prices feel impact of Mexican tariffs. Source: Agribusiness intelligent Informa
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
Flowers Foods is voluntarily recalling two of its bread products due to salmonella risk, days after Mondelez and Pepperidge Farm recalled several of their products over similar concerns. The recalls are all linked to a whey powder ingredient supplied by Associated Milk Producers. The FDA said in a statement Tuesday that there have been no … Read more
Pepperidge Farm has issued a voluntary recall of 3.3M packages of Goldfish crackers over fears they may be tainted by salmonella bacteria. The Campbell Soup (NYSE:CPB) business said it was notified by an ingredient supplier that the whey powder used in seasoning four varieties of the crackers could contain salmonella, although the company said no … Read more
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
Chinese, Mexican tariffs on U.S. cheese and whey are hurting farmers and driving up stockpiles. Chinese, Mexican tariffs on U.S. cheese and whey are hurting farmers and driving up stockpiles
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
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
https://www.reuters.com/article/us-usa-trade-mexico/mexico-hits-back-on-u-s-steel-slaps-tariffs-on-pork-bourbon-idUSKCN1J11EV
https://ca.reuters.com/article/businessNews/idCAKCN1IX4LQ-OCABS