French Milk Continues to Decline

French Milk Continues to Decline

In the latest available data for week 28 (ending 18 July 2026), French milk output fell 1.9% YOY. That was the fourth consecutive weekly decline, and volumes were down relative to the prior week. The overall contraction masked mixed trends across regions, but Normandy...
Pulse Prices Moved Lower

Pulse Prices Moved Lower

At this week’s GDT Pulse event, butter settled lower, averaging US$5,265/t, down –2.0% from GDT #408 and –0.9% from the last GDT Pulse. The average WMP price settled at US$3,435/t, down –0.3% from last week’s GDT Auction but up +0.7% from the previous Pulse event. SMP...
French Milk Continues to Decline

Top 5 Milk Production to Grow 1.6% in 2026

According to USDA’s latest “Dairy: World Markets and Trade” report, milk supply from the top 5 global exporting countries is projected to increase 1.6% in 2026, reflecting increases across all suppliers. The US has the largest herd in more than 30 years, but...
Inflation Eases in June

Inflation Eases in June

Australia’s annual pace of inflation eased more than anticipated in June, possibly cooling near-term expectations for an interest rate hike. The consumer price index rose 3.8% in the 12 months to June, down from 4% in May, according to the Australian Bureau of...
Pulse Prices Moved Lower

Pulse Prices Mixed

This week’s GDT Pulse event was mixed for powders and fats. The average WMP price settled at US$3,410/t, rising +0.6% from last week’s GDT #407 but -2.2% lower than the previous Pulse event. SMP averaged US$3,120/t, rising +0.6% on prices achieved at GDT #407 and...