It’s a muggy mid-July afternoon in Chicago and all is quiet on the dairy front for today. A quick glance at dairy product spot prices reveals that cheese powder and butter prices are all at — or within pennies — of their 2016 high price print.
In 2015 Alibaba Group founder Jack Ma told a CNBC interviewer that the time to worry about next quarter was two or three years ago. If you are thinking today about what you are going to do in the next three months, you’ll be in trouble, he said.
The 100 largest dairy processors in North America clearly are planning ahead. They are building new plants and adding to existing ones, even though at least 30% of the companies reported lower sales in 2015 than in 2014. They are not going to let a one-year blip derail their plans for the future.
What’s for breakfast? Increasingly, it’s not a traditional meal of cereal and milk or bacon and eggs served at home. Instead, grab-and-go nutritional and performance drinks are a popular meal option. That’s a threat to dairy companies, especially those that make milk, cheese and yogurt.
The Kentucky-based buying group makes several staff changes and continues to experience great membership growth, program participation.
July 8, 2016
All Star continues strong growth through membership additions and new purchasing programs. Dairy membership continues to grow, but All Star continues to see solid growth in other manufacturing sectors.
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In head-to-head comparisons, nutrient-dense dairy foods beat their analog counterparts. Perhaps the new FDA labeling requirements will help the dairy industry to push back against claims by plant-based products.