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Global Dairy Trade issues annual report

The Global Dairy Trading platform continues to evolve as it connects buyers and sellers.  The trading platform issued its 15th Annual Report Wednesday, showing it facilitated over 36 billion dollars in dairy trades last year. 2023 also saw the addition of three new product... Read More.

Global dairy markets should support U.S. prices

A USDA dairy economist says limited global milk production should support prices this year. Micheal McConnell with the World Ag Outlook Board says milk production in the U.S. is expected to grow at a slower pace this year as Europe and New Zealand contract. “But... Read More.

Global Dairy Trade index up again

The Global Dairy Trade index is up for a fifth straight trading session.  The index rose 4.2% with an average price of $3,571 per metric ton Tuesday morning. The butter market jumped 10.3% higher to $6,516 per metric ton or $2.95 per pound. Cheddar cheese... Read More.

Global production uncertainties support corn market

Uncertainty about overall production in 2024 is helping support the corn market. Angie Setzer with Consus Ag Consulting says there are three crops to be made this year. “We’ve got to get the Safrinha crop, the Argentina crop was planted in December so that’s not... Read More.

Global shipping delays will affect fertilizer prices

A fertilizer market expert says shipping delays due to rising tensions in the Middle East will likely raise the price of urea and phosphate. Josh Linville with StoneX Group says few fertilizer shipments are going through the Suez Canal. Instead, the ships are taking... Read More.

Global Dairy Trade index up to start new year

The Global Dairy Trade index rose 1.2% in the first trading session of the new year Tuesday.  It’s the third straight trading event with a rise in the index. The average price  was $3,363 dollars per metric ton. Whole milk powder values rose 2.5% to... Read More.

Rise in global transportation challenges

An ag economist says some global transportation challenges are impacting the ag industry as the new year approaches. Greg McBride with Allendale says drought conditions continue to limit movement along the Panama Canal and shipping companies are scrambling to find alternative routes. “You do... Read More.

Farmer mental health a global issue

A recent trade mission to Australia revealed American farmers aren’t the only ones dealing with mental health struggles. Minnesota Soybean Growers Association president Bob Worth was part of a group that visited Sydney and Melbourne earlier this month and says they met with the... Read More.

Global Dairy Trade index holds steady 

The Global Dairy Trade index held steady Tuesday as the market saw gains in anhydrous milk fat, lactose, and whole milk powder balance losses in butter, Cheddar cheese, and skim milk powder.  Lactose prices were up 6.4% to $750 per metric ton, or $0.34... Read More.

Iowa farmer concerned about global uncertainties

A north Iowa farmer is factoring in global uncertainties as he markets grain. Brent Renner grows corn and soybeans near Klemme. “This Middle East situation kind of scares me to death. That just throws another wild card or monkey wrench in the whole system,... Read More.

Vilsack: More ag trade needed to fight global hunger

The nation’s top ag official says expanding trade opportunities for U.S. agricultural goods provides dual benefits. Ag Secretary Tom Vilsack tells Brownfield global food insecurity continues to rise. “In large part because of COVID and the disruption of the supply chains, exacerbated by Russia’s... Read More.