We've seen a significant rally in U.S. spot cheese and future prices and some significant strength in deferred EU OTC prices. Desmond Strelzow joins me to talk about the EU market and I talk through the drivers behind the U.S. strength and where I think the market is going.

EEX butter futures have been trending a little lower, but every time they dip, buyers seem to show up. We've seen a similar pattern for cheese but EEX SMP has been on a straight trend lower. I talk to Fearghal McCabe about the EU markets and whether they can stay at a big premium to the U.S.

YiFan Li comes on to talk about the strength we've seen in GDT/SGX prices and NBS data suggesting milk production in China was up 1.7% during the first quarter.

This week I talk to Dave Kurzawski about the U.S. spot and futures markets and the impact that tariffs or threats of tariffs have had.

During March there were 2 new cases of FMD in Hungary and 5 new ones in Slovakia. Florian Hildebrand joins me to discuss the spread of FDM and what we know about the impacts on the dairy markets.

A second case of foot and mouth disease has been discovered in Europe and John Lancaster discusses what he saw and heard around weather and milk production in New Zealand and a partnership we have to bring a focus on margins and hedging to NZ dairy farmers.

We got a pulse check on global dairy demand with Gulfood and the ONIL tender last week. It's not time for the defibrillator yet, but things aren't great.

NFDM and SMP prices across the major dairy exporters were all lower this week. Alfredo Resendiz Rojo has been in contact with buyers and traders of NFDM in Mexico and gives his view of the market.

We've seen choppy but downward trending price action in EEX butter and SMP futures. Fearghal McCabe comes on to talk about what he is seeing in the EU dairy markets.

The annual IDFA Dairy Forum took place this week with record attendance and plenty of talk about the dairy markets. Kyle Schrad shares his take aways and thoughts on the recent rally in corn futures.