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Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family.It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
Looks like milk prices will be going up. According to the TODAY Show, the drought in California could cause milk prices to increase by 60 cents a gallon. This price surge will likely hit in March.
Murray Goulburn Co-operative Co. Limited (also known as Devondale Murray Goulburn) was a dairy-processing co-operative corporation.In 2018, following financial difficulties and difficulties with suppliers over sustainable prices, the business assets were sold to Saputo Inc, a publicly-listed Canadian dairy company and later the trading name of the business was changed to AG Warehouse.
Dairy is a significant part of the overall agricultural production of the state of Ohio. The state ranks 11th in milk production in the United States. In 2018, the roughly 2,000 dairy farms with 263,000 cows produced more than 5.59 billion pounds, or 650 million gallons, of milk. [1]
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These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
Lino Saputo became the CEO of Saputo Inc. ( TSE:SAP ) in 2004, and we think it's a good time to look at the executive's...