Dairy Insights: Heard Mentality

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.

Feed costs like corn and soybeans are hitting multi-year lows which is boosting profitability for U.S. dairy farmers, will we get stronger milk production in coming months?

Bluetongue disease is hitting dairy farms in the Netherlands, Germany, France and Belgium and reducing milk production. Florian Hildebrand shares what he is hearing about the spread of the disease and the impact it is having on farmers and processors.

The EEX is changing the contract specification for their liquid milk futures contract which could lead to more liquidity across the European dairy contracts as well as offering more transparency around the value of milk and making it easier for farmers and cooperatives to lock in prices for milk.

U.S. milk production was weaker than expected in June, will the supply side story be enough to push dairy prices to new highs this year?