Wednesday, March 1, 2023

Bipartisan DAIRY PRIDE Act Reintroduced

Senate lawmakers this week reintroduced the DAIRY PRIDE Act of 2023. The bill is titled The Defending Against Imitations and Replacements of Yogurt, milk, and cheese to Promote Regular Intake of Dairy Everyday Act of 2023. The legislation would require non-dairy products made from nuts, seeds, plants, and algae to no longer be mislabeled with dairy terms such as milk, yogurt or cheese. The reintroduction follows last week's Food and Drug Administration proposal allowing nut, oat, soy, and other non-dairy products to use the name "milk." Senate Democrat Tammy Baldwin of Wisconsin says, "The Biden Administration's guidance that allows non-dairy products to use dairy names is just wrong." Current FDA regulations define dairy products as being from dairy animals. However, last week the FDA released draft guidance allowing plant-based products to continue to use dairy terms despite not containing dairy, nor having the nutritional value of dairy products.




Monday Closing Dairy Market Update - October Cheese and Butter Inventories Declined

MILK: Traders were uncertain as to how to interpret the moving of spot prices today. Pressure was put on Class III futures after spo...