Dairy Insights: Heard Mentality

SIAL is one of the biggest food trade shows in Europe and just wrapped up. In this episode, I talk with Aureilien Houitte from our team who attended SIAL and talked with dairy buyers and sellers there.

Dustin Winston, Commodity Market Analyst on the dairy team, spent a few weeks traveling around Australia and attending the SGX dairy conference in Singapore. He shares what he heard on AU/NZ milk production and product mix as well as Chinese import demand.

Market sentiment at the SGX dairy conference was mixed. Our newest team member, Jeanette Tan, from our Singapore office shares what she heard from the suppliers, traders and buyers at the conference.

EU and U.S. butter prices have collapsed, although EU prices have rallied back a bit. I talk with Desmond Strelzow from the Dublin office about what is driving the butter market and what he is seeing for price movements in other EU dairy commodities.

CME spot barrels made a new record high at $2.6225/lb. ($5,780/MT) and U.S. milk production remains weak with bird flu now spreading through the dairy herd in California. I talk to Dave Kurzawski about what we expect for cheese prices through the end of the year.

We had record attendance at our European Dairy Market Outlook & Risk Management Forum in Dublin Ireland last week. I talk with John Lancaster about what we learned from talking to the attendees about Bluetongue and the butter market.

The global financial markets were looking scary Monday, but what are the implications for the real economy and dairy demand?

CME spot barrels made a new record high at $2.6225/lb. ($5,780/MT) and U.S. milk production remains weak with bird flu now spreading through the dairy herd in California. I talk to Dave Kurzawski about what we expect for cheese prices through the end of the year.