Executives heading dairy processing firms must be confident in the future of the industry, based on their investment and expansion plans. In March and April, these companies made the following announcements:
Two university students each received $25,000 to support their research into the health impact of yogurt. Erin Davis from the University of Illinois at Urbana-Champaign and Haley Chatelaine from The Ohio State University were selected from a pool of over 120 applicants by an international committee of scientists in food and nutrition.
One organic dairy coop expects 5% growth in milk receipts but has imposed a quota on members and stopped contracting with new members in March.
May 6, 2017
There is an organic milk surplus of 50 million gallons. Some of this milk is being sold into conventional milk markets, reports this week’s Dairy Market News from the USDA.
Frozen novelties is a $4.9 billion annual business. Sales were up 4% but unit sales rose only 2.2% in the 52 weeks ended Feb. 19, 2017, according to IRI, a Chicago-based market research firm.
Nearly 6,500 attendees and 3,000 exhibitor personnel participated in the inaugural ProFood Tech trade show in April. Held at McCormick Place in Chicago, the show featured cutting-edge technologies and innovative solutions within the food and beverage industry.
Dairy processors deal with all three of these constituencies as buyers, sellers and brand marketers. Your success depends upon the quality of your relationships with each.
There is a lot more to successful processing of dairy foods than heating raw milk and putting it into bottles or turning it into cheese, yogurt or ice cream. There are factors in play far beyond pasteurization times and temperatures.
The lender CoBank reports that dairy farmers are increasing herd size. Private label organic milk and other products will create growth opportunities for dairy processors.
May 3, 2017
Despite the current excess supply environment, rising demand points to a bright future for the U.S. organic milk industry.