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November 21, 2014

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Industry Snapshot

Photo courtesy of Yili Group
GLOBAL PARTNERS — Pan Gang, president of Yili Group, and Rick Smith, CEO of Dairy Farmers of America (DFA), signed an agreement Nov. 12 to co-finance a $100 million state-of-the-art milk powder plant in Kansas. The plant is expected to produce 80,000 metric tons of milk powder annually, and products will be supplied to the Chinese market and other global markets. DFA entered into a supply agreement with Yili, one of China’s largest dairy companies, in 2013. “Dairy Farmers of America is pleased to continue to strengthen its relationship with Yili,” Smith says. “When we entered into a strategic partnership nearly two years ago, we were certain we would find ways to work together to maximize value for both organizations.”
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Today's Cheese Spot Trading
November 25, 2014

Barrels: $1.7050 (-1 1/2)
Blocks: $1.7300 (NC)

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Cheese Production
U.S. Total Sept.
941.580 mil. lbs.

Milk Production
23 State Total Oct.
16.048 bil. lbs.

Guest Columnist

2015 trends and dairy solutions

Edward Zimmerman, The Food Connector

Also this week: “The role global markets play in U.S. pricing, and what to do about it” by Eric Meyer, HighGround Dairy

Click here for our columnist archives

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