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.

GDT prices were up this week, Chinese imports for December were stronger than expected and government statistics suggest Chinese milk production was down 9.1% in Q4. YiFan Li was in China two weeks ago and comes on to talk about it all.

Foot and Mouth Disease has been detected in Germany which has both supply and demand implications for the dairy markets globally. John Lancaster and Aurelien Houitte join me to talk about what we know and what the implications are.

Foot and Mouth Disease has been detected in Germany which has both supply and demand implications for the dairy markets globally. John Lancaster and Aurelien Houitte join me to talk about what we know and what the implications are.

Milk production in California during November was down 9.2% from last year which was a record decline. Dave Kurzawski talks about impacts for the markets and some big picture predictions for 2025.

Milk production in Europe is growing again, both year-over-year and seasonally while buyers are stepping away from the market for the year-end holidays. Desmond Strelzow talks about the weakness we're seeing across most dairy prices in Europe right now.