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Butter cow sculpture unveiled at Ohio State Fair
NBC News· 2025-07-23 12:27
I didn't say that right, I'm sure. But the butter cow is a tradition of the state fair and Ohio's dairy farmers are so proud to be a part of that tradition. So, the display is made from about 2,000 lbs of butter.It took the sculptors, a team of six individuals, about 400 hours, and 335 of those hours was spent inside the cooler, which is 46°. seeing how many people come in here and see it, you know, I don't think you can help but like see how important it is there and like through the dairy, you know, the d ...
X @Bloomberg
Bloomberg· 2025-07-17 16:31
Canada’s finance minister signaled that any trade deal with the US is likely to include at least some tariffs, and repeated that the country’s dairy and poultry protections won’t be on the table during negotiations https://t.co/54Rmy4mVnx ...
Saputo Inc.: 2025 Annual General Meeting of Shareholders and Fiscal 2026 First Quarter Results
Globenewswire· 2025-07-17 14:00
Group 1 - Saputo Inc. will hold its Annual Meeting of Shareholders on August 8, 2025, at 10:30 a.m. (Eastern Time) in a hybrid format, both in-person and via live webcast [1] - The company will release its fiscal 2026 first quarter results on August 7, 2025, with a press release issued after market close and a conference call scheduled for August 8, 2025, at 8:30 a.m. (Eastern Time) [2] - The conference call will feature Mr. Carl Colizza, President and CEO, and Mr. Maxime Therrien, CFO and Secretary [2] Group 2 - Saputo is one of the top ten dairy processors globally, producing a wide range of dairy products including cheese, fluid milk, and dairy ingredients [5] - The company is a leading cheese manufacturer in Canada, a top dairy processor in Australia, and the leading dairy processor in Argentina [5] - In the USA, Saputo ranks among the top three cheese producers and is a significant producer of extended shelf-life and cultured dairy products [5] - In the UK, Saputo is the leading manufacturer of branded cheese and dairy spreads [5] - The company also produces and distributes dairy alternative products and operates under market-leading and private label brands [5]
Aemetis India Appoints Chief Financial Officer
Globenewswire· 2025-07-17 12:00
Core Insights - Aemetis, Inc. announced the appointment of Anjaneyulu Ganji as Chief Financial Officer of its India subsidiary, Universal Biofuels, effective July 17, 2025 [1][2] Company Overview - Aemetis is a renewable natural gas and biofuels company focused on innovative technologies that lower fuel costs and reduce emissions [5] - The company operates a biogas digester network and pipeline system in California, converting dairy waste gas into Renewable Natural Gas [5] - Aemetis owns and operates an 80 million gallon per year biodiesel production facility in India and a 65 million gallon per year ethanol production facility in California [5] Leadership and Strategy - Anjaneyulu Ganji has extensive experience in finance, having previously served as Group CFO for Dodla Dairy Limited, which has an annual revenue of $450 million [2][3] - Ganji's background includes leadership roles in Marengo Asia Healthcare and Maersk Line, managing significant financial operations [3] - The leadership team at Aemetis is recognized for its ability to manage opportunities in India and has built a strong reputation in biofuel product delivery and quality [2] Market Context - The growing Indian economy is driving increased demand for energy sources such as biodiesel, ethanol, and compressed natural gas [2] - Universal Biofuels is expanding its production capabilities and diversifying into ethanol and renewable natural gas production [4]
高盛-中国必选消费:据传中国计划推出全国性育儿补贴;IMF分析乳制品覆盖相关影响
Goldman Sachs· 2025-07-07 15:45
Investment Rating - The report assigns a "Buy" rating to Feihe, Yili, and Mengniu, indicating a positive outlook for these companies in light of the new child-raising subsidies [10][26]. Core Insights - The Chinese government is planning to implement nationwide child-raising subsidies of Rmb3,600 per year for each child under three years old, which is expected to significantly impact disposable income and support the fertility rate recovery [1][2][3]. - The total potential government spending on these subsidies is estimated to be around Rmb100 billion in 2025, based on a forecast of 9.3 million new births [1]. - The subsidies are expected to account for approximately 9% of the per capita disposable income, which is projected to be Rmb41,000 in 2024 [1]. Summary by Sections Government Policy - The nationwide child-raising subsidy will be effective from January 1, 2025, and will cover all eligible children, including first-borns [1][2]. - The policy includes supportive measures such as tax exemptions for the subsidies and the establishment of a grant fund to assist regional governments [1]. Demographic Impact - The report suggests that the subsidies could help recover the fertility rate, particularly among mothers aged 20-24 and 30-44, who have seen declines in birth rates compared to pre-COVID levels [3][9]. - The age group of 0-4 is expected to see a sequential narrowing of declines, returning to positive growth by 2033 [13]. Company Implications - Companies like Feihe, Yili, and Mengniu are likely to benefit directly from the subsidies, as they have significant exposure to the milk powder and dairy markets [10][17]. - Yili and Feihe have the highest exposure to milk powder sales, with 24% and 92% of their 2024 sales, respectively, being related to children's consumption [10][17].
REMINDER: Astro Yogurt Brand Unveils “So Canadian” Flyover Welcome Message for Toronto Pearson International Airport Arriving Passengers, Ahead of Canada Day
GlobeNewswire News Room· 2025-06-23 10:30
Group 1 - Lactalis Canada is launching a new "So Canadian" campaign for its Astro yogurt brand in celebration of Canada Day [1][2] - The campaign includes the unveiling of a rooftop mural at the Astro processing facility, which will be visible to passengers flying into Toronto Pearson International Airport [2] - The event will feature remarks from Lactalis Canada President & CEO Mark Taylor, along with other executives and community partners, and will include Canadian-inspired festivities [2][4] Group 2 - Lactalis Canada has over 140 years of brand heritage and is a leader in the Canadian dairy industry, with iconic brands such as Cracker Barrel, Black Diamond, and Astro [5] - The company operates more than 30 sites, including 20 manufacturing facilities across Canada, employing over 4,000 individuals [5] - Lactalis Canada has been recognized as one of Forbes' 2025 Best Employers in Canada and one of Greater Toronto's Top Employers for 2025 [5]
腾讯视频会招商:《长安的荔枝》投放品牌超30家
Group 1 - The drama "The Lychee of Chang'an" has attracted over 30 brands for advertising, including major names like Tmall, Vipshop, and Budweiser [1] - Various products have been launched in collaboration with the drama, such as the "Concubine's Favorite" lychee by Baiguoyuan and several co-branded items by Luckin Coffee [1] - The dairy industry shows strong interest in the drama, with brands like Feihe and Mengniu participating in advertising efforts [1] Group 2 - Despite the success of "The Lychee of Chang'an," it is not currently the most popular drama, ranking second behind "Lingjiang Xian" as of June 17 [4] - "The Lychee of Chang'an" demonstrates a more mature advertising strategy compared to "Lingjiang Xian," indicating its stronger market presence [5] - Tencent Video plays a crucial role in the success of "The Lychee of Chang'an," leveraging its ecosystem to create a comprehensive business model that benefits the drama [6]
中国必需消费品:5月检查及消费品公司日总结:政策波动与通缩下渠道转变的崎岖之路
Goldman Sachs· 2025-06-11 02:50
Investment Rating - The report indicates a preference for Beverage, followed by Pet Foods, Beer, and Dairy, with specific stock ideas highlighted for Eastroc, Tingyi/CR beverage, and Tsingtao-H [9][10]. Core Insights - The industry is experiencing a bumpy recovery in demand, particularly in the spirits, beer, and dairy sectors, with recent policy changes impacting consumption sentiment [1][3]. - Emerging channel shifts, such as instant shopping and discounter channels, are gaining traction, although their overall contribution to the staples universe remains small [1][8]. - Profitability resilience is supported by cost deflation and agile investment strategies, with companies focusing on margin visibility amid muted demand trends [1][9]. Demand Recovery - The demand recovery in Q2 has been lackluster, with notable declines in spirits and dairy products, while beer performance varies across brands [2][11]. - Retail performance has been conservative, with spirits and dairy showing year-over-year declines, particularly in the upper mid-end segments [2][11]. - The beverage sector shows solid volume momentum, although mixed performance is noted across brands [2][11]. Policy Impact - Recent policy tightening on alcohol consumption has created headwinds for spirits and beer companies, particularly affecting high-end catering and on-trade consumption [3][6][34]. - The government has implemented regulations prohibiting the serving of alcoholic drinks during working meals, impacting consumption sentiment during peak seasons [3][6][34]. Emerging Trends - There is a notable shift towards discounter channels and instant shopping platforms, with companies customizing products to meet rising demand [8][10]. - The pet food and beverage categories are experiencing positive product cycles, contributing to growth despite overall market challenges [7][41]. Pricing and Cost Trends - Pricing pressures persist across various sectors, with dairy and beverages introducing more value-for-money products in response to declining raw milk prices [12][36]. - Cost benefits from declining commodity prices are expected to support margin resilience across multiple sectors, including beer and dairy [7][12]. Company Performance - Companies like Yili and Mengniu are facing weak demand trends in UHT liquid milk, while fresh milk and chilled yogurt categories are performing better [38]. - CR Beer and Chongqing Brewery are focusing on in-home consumption and premiumization strategies to counteract weak on-trade demand [35][40]. - The pet food sector remains strong, with companies like China Pet expecting significant year-over-year growth driven by new product launches [41].
The consolidated sales of VILVI Group May 2025
Globenewswire· 2025-06-10 06:08
Core Insights - VILVI Group reported consolidated sales of EUR 24.19 million for May 2025, representing a 15.6% increase compared to May 2024 [1] - For the period of January to May 2025, the Group's consolidated sales reached EUR 118.45 million, marking a 24.1% increase compared to the same period last year [1] Financial Performance - The sales growth in May 2025 indicates a strong performance in the dairy sector, with a notable increase in revenue [1] - The cumulative sales growth from January to May 2025 reflects a positive trend in the Group's overall financial health and market position [1]
蒙牛乳业-超高温灭菌(UHT)牛奶需求疲软持续;布局渠道以获取市场份额
2025-06-09 01:42
Summary of Mengniu Dairy Corporate Day Company Overview - **Company**: Mengniu Dairy (2319.HK) - **Industry**: Consumer & Leisure, specifically dairy products Key Takeaways Recent Trends - **UHT Milk Demand**: The company reported continued weakness in year-to-date (YTD) demand for UHT liquid milk, with April and May trends mirroring the first quarter of 2025 without significant improvement in consumer sentiment [1] - **Growth in Other Categories**: There is healthy growth in fresh milk, chilled yogurt, milk powder, and cheese, while UHT milk remains below targets due to declining raw milk prices and distribution challenges, particularly in supermarkets [1] Strategic Initiatives - **Pricing Flexibility**: Mengniu is adopting a more flexible pricing strategy for UHT milk, benefiting from a high single-digit to double-digit percentage year-over-year decline in raw milk prices in 2025 YTD [1] - **Channel Expansion**: The company is increasing collaboration with emerging channels such as snack discounters, Sam's Club, and coffee/bubble tea shops, including adding Starbucks to its clientele [1] - **Volume and Operating Leverage**: Efforts are being made to enhance volume and operating leverage through these new channel partnerships [1] Margin Outlook - **Gross Profit Margin (GPM)**: Management anticipates a more certain GPM expansion for liquid milk due to ongoing raw milk cost benefits and a resilient product mix within UHT milk, although this may be partially offset by lower margins from expanding two-business segments and ASP dilution from discounts [1] - **Operating Profit Margin (OPM)**: The company aims to maintain a stable OPM target in 2025, with potential improvements in the first half of 2025 due to an easier year-over-year comparison [1] Capital Expenditure and Shareholder Returns - **Capex Expectations**: Mengniu expects capital expenditures to exceed RMB 3 billion in 2025 for maintenance and investments in value-added further processed dairy products [1] - **Dividend Policy**: The company is committed to maintaining stable or higher dividends per share year-over-year [6] Financial Projections - **Revenue Forecast**: Projected revenues for 2025 are RMB 89.9 billion, with an expected EBITDA of RMB 9.998 billion [8] - **Earnings Per Share (EPS)**: EPS is forecasted to be RMB 1.30 in 2025, with a price target of HK$23.00, indicating a potential upside of 26.5% from the current price of HK$18.18 [8] Risks - **Key Risks Identified**: 1. Slower-than-expected premium demand 2. Slower recovery in dairy demand 3. Increased competition in the dairy industry 4. Potential losses in new product categories [7] Additional Insights - **Market Position**: Mengniu Dairy is positioned within a competitive landscape, with a market cap of HK$71.5 billion and a focus on expanding its product offerings and market share [8] - **Investment Rating**: Goldman Sachs has rated Mengniu as a "Buy" with a target price based on a conservative P/E multiple [7] This summary encapsulates the critical insights from the Mengniu Dairy Corporate Day, highlighting the company's current performance, strategic initiatives, financial outlook, and associated risks.