Dairy Insights: Heard Mentality

Prices at the GlobalDairyTrade auction (GDT) were better than expected this week and milk production growth in China has slowed down, what is there to be bearish about?

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?

Dairy prices at the GDT Event were down a surprising 6.9% this week which is helping to feed the bearish sentiment in the EU dairy market.

U.S. milk production for May was weaker than forecast and U.S. cheese and butter stocks for May were also weaker than expected. Nate Donnay and Dave Kurzawski talk about the reports and expectations going forward.

Fieldays is the biggest agricultural get-together in New Zealand. Nate Donnay talks with Matt Manning who attended this year to launch a new financial tool aimed at New Zealand dairy farmers.

The EU Commission has announced anti-dumping tariffs on Chinese electric vehicles and China is threatening retaliatory tariffs on European agricultural products including dairy. Nate Donnay and John Lancaster talk about potential impacts on dairy markets.

I talk to Dave Kurzawski, Team Lead in Chicago, about the rally and fizzle we've seen in U.S. cheese and butter prices this week.

Lu Shi attended the China Dairy Industry Annual Conference in Changsha this week and she shares what she learned there.

The European butter market has rallied sharply in the past two weeks. Nate Donnay and John Lancaster, Head of EMEA Dairy and Food Consulting, talk about the supply side drivers behind the price strength.

Episode 1: CME spot cheese prices have rallied 50 cents and nearby Class III milk futures are up $4 to $5 per hundredweight while SMP and butter prices in Europe have rallied. Dave Kurzawski and Fearghal McCabe talk about the markets and what they are seeing.