Dairy demand is not just an Australian thing

Livewire News


Dairy demand is not just an Australian thing. In a year when most American farmers can expect lower earnings than in 2013, US milk producers are having a windfall. Prices have never been higher, feed costs are down, and output is headed for an all-time high as exports surge to buyers from Mexico to China. Milk futures in Chicago are up 24% this year and cheddar cheese gained 19%, with both reaching records last month. Bloomberg reports, US dairy exports reached 162,999 tons in January, up 19% from a year earlier, while the value rose 35% to $583.7 million. Estimates are that China's dairy imports rose 30% last year. Dairy costs tracked by the United Nations are the highest since the data began in 1994, after climbing 9.8% in the three months through February, outpacing the 1.2% gain for all foods. Full report here: (VIEW LINK)

3 topics

Livewire News
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment