Oceania Dairy Market Overview

MADISON - Jul 23/15 - SNS -- The USDA published its latest review of dairy market conditions in Australia and New Zealand today.

OCEANIA OVERVIEW:
Cooler temperatures and the lack of rain over much of Southern Australia are
restricting pasture and forage growth. Tight hay supplies and high
transportation costs are prompting some dairy producers to look for more cost
effective alternative feeds.
New Zealand's May milk production, as reported by DCANZ, was 0.796 million
MT, up 10.7% from May 2014 and 37.2% higher from two years ago. May milk
solids reflect a 11.7% increase compared with May 2014.
At the July 15 GDT event #144, average prices ranged from 13.9% lower to 1.9%
higher from the prior event across categories. The all contracts price
averages (US$ per MT) and percent changes from the previous average are:
anhydrous milk fat, $2,621 -10.6%; butter, $2,460 -9.5%; buttermilk powder,
$1,794 -4.4%; cheddar cheese, $2,613 -13.9%; lactose, $549 +1.9%; rennet
casein, $5,430 -8.0%; skim milk powder, $1,702 -10.1%; and whole milk powder,
$1,848 -13.1%.
0930C eric.graf@ams.usda.gov  608.557.7004
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home

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STAT News Service