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TheDairySite Newsletter - 16 October 2015

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TheDairySite
Friday 16th October 2015.
Alice Mitchell - Editor

Alice Mitchell
Editor


MSD Animal Health

Fonterra's Credit Rating Downgraded

Ratings agency Standard and Poor's has downgraded the credit rating of dairy co-operative Fonterra from A to A-.

In response, Fonterra’s Chief Financial Officer Lukas Paravicini said: “Our underlying financial strength and credit quality remain strong. This is recognised by Standard and Poor’s maintaining our rating in the ‘A’ category and reflects our fundamental strength and financial discipline."

Mr Paravicini said the New Zealand-based Co-operative’s current debt is at expected levels for this stage of the investment cycle, adding that investment over recent years should strengthen the business.

“We have built additional manufacturing capacity in our home base of New Zealand, which is improving returns by giving more product options during the peak production period and our planned investments in China are building our presence in our number one strategic market,” Mr Paravicini said – read more.

US Butter Market Tariffs Raised

The US butter market has become less attractive to traders after the import tariff was raised last week.

The US government increased the import tariff on butter by $510/tonne (to US$2,051/tonne), significantly reducing the current premium available from that market to EU manufacturers.

The EU has increasingly turned to the US to plug the gap caused by the Russian import ban.

Despite the tariff hike, butter sales to the US would still currently offer a better return than selling into Europe, although the margin is now significantly reduced – read more here.



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This Week's Articles and Analysis

Vet Input Essential for Dairy Worming
Veterinary input is vital if dairymen are to get the maximum benefit from worming their herds

Dairy Heifer: A Fast Start to Greater Lifetime Profit
Maximizing lifetime profit per cow – a good measure of a dairy operation’s overall profitability – requires diligence at all stages, starting at birth.

Company News

FINADYNE® Transdermal Pour-on Solution Now Available for Mastitis to Improve Animal Care
ITALY - MSD Animal Health today announced FINADYNE® Transdermal (flunixin meglumine) pour-on solution can now be used to reduce pyrexia associated with acute mastitis. This claim adds to the already proven efficacy to reduce pyrexia associated with Bovine Respiratory Disease.
Market Reports

USDA National Dairy Products Sales Report Highlights - 16 October 2015
USDA WASDE - 12 October 2015

Global Dairy Industry News

   United States

US Butter Market Tariffs Raised
How Will the TPP Affect the US Livestock Industry?
California Passes First Law to Ban Growth Promoting Livestock Antibiotics

   New Zealand

Fonterra's Credit Rating Downgraded

   Global

Agriculture Must be Included in Global Climate Change Debate
How do Crude Oil Prices Affect Livestock Feed Prices?
World Awash With Milk, But Market Expected to Tighten
Let Them Eat Grass: Grazing Debate Back on Agenda
Global Food Prices Up Slightly in September as Dairy Index Rises

   European Union

Survey Highlights Consumer Misunderstanding of Food Waste
EU Politicians Agree to Strengthen Organic Rules
EU Committee Rejects National Bans on GM Food, Feed
Dairy Farmers Call for Production Cuts to Halt Price Freefalls
Ailing Dairy, Pig Sectors Get EU Promo Boost
New Copa President Calls for EU-US Free Trade Deal
What are the Risks of Using Insects as Food or Feed?

   Colombia

Canada Authorises Colombian Dairy Imports

   United Kingdom

New Scottish Bovine TB Controls Welcomed
Scottish Dairy Brand Launched to International Audience
Morrisons Launches Milk for Farmers Brand

   France

Bluetongue Continues to Spread in Europe

Events/Promotions

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Partners

EBBE - European Board Of Bovine Experts

Zoetis - For Animals. For Health. For You.
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