Oceania Dairy Market Overview

MADISON - Aug 20/15 - SNS -- The USDA published its latest review of dairy market conditions in Australia and New Zealand today.

OCEANIA OVERVIEW:
Milk production is up over last year. Due to falling prices, farmers
are looking for other companies that might have higher payments.
Farmers are also looking for ways to cut operating costs. Most will
not be able to buy any additional feed, so they are hoping for
favorable spring weather for ample pasture.
Dairy Australia reports dairy product exports for the July-June period
total 764.1 thousand MT, up 3.2% from the year ago period. Selected
dairy product export changes compared to the same period last year
are: butter, - 21.4%; butter oil, +25.4%; cheddar, -10.0%; SMP,
+30.4%; WMP, -26.5% and whey products +5.4%.
New Zealand's June milk production, as reported by DCANZ, was 147
thousand MT, up 8.0% from June 2014. June milk solids reflect a 11.7%
increase compared with June 2014.
At the August 18 GDT event #146, average prices ranged from 13.8%
lower to 26.6% 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, $2,724, +26.6%; butter,
$2,541, +10.8%; buttermilk powder, $1,400, -13.8%; cheddar cheese,
$2,778, +4.4%; lactose, $502,-7.8%; rennet casein, $5,441, +3.0%; skim
milk powder, $1,521, +8.5%; and whole milk powder, $1,856, +19.1%.
0930C Tara.Herbst@ams.usda.gov  608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home

---

STAT News Service