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Global dairy prices mostly higher
Cash nonfat dry milk prices nudged little higher on the Chicago Mercantile Exchange on Thursday, the Global Dairy Trade Auction at Fonterra this week saw anhydrous milk fat prices 1.3 percent lower, skim milk powder increased 3 percent, whole milk powder increased 3.5 percent, milk protein concentrate was up 11.5 percent from the previous sale and the cheddar cheese price increased 5.5 percent.
Dairy Market News says while current supplies are adequate, cheese plants are concerned about the milk supply in the coming months as the drought and high feed prices push producers to cull more cows and more producers to sell-out altogether. Hope is at least some of those cows would move to other areas. The challenge is even bigger for cheese plants using milk from grass-fed cows. Adding to the concern, schools will start opening up for classes in the next few weeks meaning more milk going into the fluid market. The monthly Dairy Products report did show an increase in cheese production in June but the year-over-year increases have been steadily declining each month.
2012-08-02 21:50:36
Source: http://brownfieldagnews.com/2012/08/02/global-dairy-prices-mostly-higher/
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