Tag: Milk Pricing

What is Dairy Revenue Protection? | FB.org

What is Dairy Revenue Protection? | FB.org

Dairy Revenue Protection (Dairy-RP) is a concept plan of insurance, developed by the American Farm Bureau Federation, American Farm Bureau Insurance Services and other collaborators which would allow dairy farmers to purchase risk management protection against declines in quarterly revenue from milk sales, i.e. unexpected declines in milk prices, unexpected declines in milk production, or […]

Murray Goulburn increases milk price | Riverine Herald

Murray Goulburn increases milk price | Riverine Herald

Major milk processor Murray Goulburn has lifted its opening price for the 2017-18 season from $4.70/kg milk solids to $5.20/kg and increased its forecast range of prices for the season. The company, which has come under sustained criticism from suppliers for the low opening price, has lifted the upper end of the forecast, taking the […]

Roberts, Stabenow press for action on Canadian dairy pricing | WallacesFarmer

Roberts, Stabenow press for action on Canadian dairy pricing | WallacesFarmer

Canada implemented the new national pricing strategy that blocks ultra-filtered milk, which caused several processors in the United States to tell farmers to find new processors as of May 1. “Since April of 2016, Canadian provinces have been modifying their pricing schemes for certain dairy products,” the senators said in their letter. “Currently, Canadian provinces […]

European Union raises Canada’s ultra-filtered milk pricing strategy as a CETA concern | The Council of Canadians

European Union raises Canada’s ultra-filtered milk pricing strategy as a CETA concern | The Council of Canadians

This issue has also been the subject of tension with the Trump administration. TVOntario explains, “There used to be five different classes of milk under NAFTA, but last year Ontario added a sixth class, plus a new ‘national ingredients strategy’ that lowered the cost for Ontario processors to buy Canadian milk ingredients. Soon other provinces […]

U.K. Grocers Secretly Squeeze Customers as Brexit Bites | Bloomberg

U.K. Grocers Secretly Squeeze Customers as Brexit Bites | Bloomberg

U.K. grocers are finding creative ways of passing on Brexit-induced cost increases to consumers. If you’re shopping for candles or light bulbs, buyer beware. Unable to raise prices of staple goods from milk to Marmite because of tough competition from discounters and watchful tabloid newspapers, supermarket operators like Tesco Plc and Wal-Mart Stores Inc.’s Asda […]

Toledo-area shoppers drink up drop in milk prices | The Blade

Toledo-area shoppers drink up drop in milk prices | The Blade

Some shoppers may not have noticed, but milk prices have been falling steadily the past 18 months, and locally the price of a gallon is less than half the U.S. average cost, possibly stemming from pricing bait by the large grocery chains. In the Toledo area this week, a gallon of milk costs $1.09 at […]

Murray Goulburn pricing controversy ends four generations of dairy at Dubbo | Australian Broadcasting Corporation

Murray Goulburn pricing controversy ends four generations of dairy at Dubbo | Australian Broadcasting Corporation

A Dubbo dairy family with four generations of involvement in the industry is the latest casualty of the Murray Goulburn pricing controversy. Kylie and Peter Squires are selling all their Holstein Friesian cattle and their Buckhobble stud, near Geurie, east of Dubbo in western New South Wales. “In the past five to six months we […]

Kiwi dairy leader on pricing system | The Milk Maid Marian

Kiwi dairy leader on pricing system | The Milk Maid Marian

Generally, in most countries the unwritten rule is that the largest Co-op in the market sets the milk price. In New Zealand’s case that is Fonterra, while the other Co-ops will return all profits they make (after any retentions) back to the farmers as milk price, so they sit outside that rule to a degree. […]

How Farm Milk is Priced | International Dairy Foods Association

How Farm Milk is Priced | International Dairy Foods Association

Calculating the minimum prices for these different classes begins with valuing cheese, dry whey, NFDM and butter using weekly average wholesale market price trends monitored by the U.S. Department of Agriculture (USDA). The Class IV price is based on NFDM and butter prices; the Class III price is based on cheese, dry whey and butter […]

Canadian Milk Pricing Policy Set up to Deter U.S. Imports, Groups Say | DTN Progressive Farmer

Canadian Milk Pricing Policy Set up to Deter U.S. Imports, Groups Say | DTN Progressive Farmer

OMAHA (DTN) — Just a few weeks after writing to President Donald Trump, U.S. dairy groups are now calling on governors to halt new changes in Canadian dairy rules. A coalition of 17 American dairy organizations, farmers and milk processors have written governors in 25 states asking them to press Canada into halting a new […]