Oceania, and particularly New Zealand, are smiling again. The fate of Europe and the US is less certain. In other news ...

In Australia Bega has taken up the remainder of Tatura shares to and National foods has sold its Murray Bridge cheese factory to milk trader, UDP.

New Zealand is celebrating their Rugby World Cup win by adding an additional 10% to milk production.  Even the GDT stopped to cheer with small price rises for most products.

5 EU countries are to be fined for exceeding their EU production quotas and it seems that  Welsh farmers are face 'catastrophe' under the new CAP reform proposals.

23 billion in spending cuts is foreshadowed for US agriculture - ouch, that is going to hurt.

Dr Hauser is again reading the tea leaves of the global dairy industry and continues to predict a positive outlook for Oceania. You find his latest analysis and comment in this week's blog.

You will find some of this in Xcheque's world famous Dairy News. And if you are patient we may even get our charts rolling.