Webinar for dairy producers and affiliated industry members Aug. 25

The I-29 Moo University Consortium welcomes Rabobank’s global dairy strategist Mary Ledman and Vice President of Dairy Research Ben Laine for a discussion on the outlook for the global and United States dairy markets during a webinar at noon on Tuesday, Aug. 25. There is no charge to attend the webinar, and it is open to all interested parties.

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Global markets are being rocked by coronavirus (known as COVID-19) and the dairy markets are no exception.  Butter, cheese and powder markets have seen the pressure grow as the uncertainty and fear have expanded recently.

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The all-items Consumer Price Index (CPI) from the USDA Economic Research Service, a measure of economy-wide inflation, was down 0.1 percent from October to November 2019 and is 2.1 percent above the November 2018 level. The CPI for all food was down 0.1 percent between October and November 2019, and food prices were 2.0 percent higher than the November 2018 level. The degree of food price inflation varies depending on whether the food was purchased for consumption away from home or at home.

• The food-away-from-home (restaurant purchases) CPI increased 0.2 percent in November and is 3.2 percent higher than November 2018; and
• The food-at-home (grocery store or supermarket food items) CPI decreased 0.3 percent from October to November and is 1.0 percent higher than last November.

Continue reading “CPI Is Strong For Dairy” →