Dairy Insights: Heard Mentality

Episode 21 - Nate and Dave Were Wrong

Episode 20 - SIAL in Paris and French Weather

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.

Episode 19 - More on SGX Dairy Conference and Australia

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.

Episode 18 - SGX Conference Recap

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.

Episode 17 - Butter Prices Come off the Boil

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.

Episode 16 - CME Barrel Cheese At Record High

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.

Episode 15 - StoneX EU Outlook Conference Recap

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.

Episode 13 - Equity Market Meltdown

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

Episode 14 - Bluetongue in Europe

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.

Episode 12 - EEX Liquid Milk Futures Contract Changes

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.

Episode 11 - Weak U.S. Milk Production and Stronger Prices

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?

Episode 10 - GDT Results and Chinese Dairy Market

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?

Episode 9 - Feed Costs and U.S. Dairy Farm Margins

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?

Episode 8 - EU Market Update

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.

Episode 7 - Bullish USDA Dairy Reports

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.

Episode 6 - New Zealand Fieldays and StoneX Trading App for NZ Farmers

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.

Episode 5 - Possible Chinese Tariffs on EU Dairy Products

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.

Episode 4 - U.S. Dairy Prices Test Recent Highs

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.

Episode 3 - What's Happening in China

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

Episode 2 - Eucolait

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 Cheese and EU SMP

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.

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