A firm outlook

A firm outlook

Freshagenda’s latest Global Dairy Directions outlook for global dairy markets through the coming quarters is strongly influenced by tightening milk supplies and declining stocks in most major production regions which will remain supportive of commodity values....
USDA milk growth forecast reduced

USDA milk growth forecast reduced

In its September WASDE report, the USDA milk production forecast for 2021 was reduced from the prior month, reflecting a smaller dairy herd and lower average yields per cow. Milk output is still expected to increase 2.1% YOY to 103.3bn kgs in 2021 – that would follow...
USDA milk growth forecast reduced

NZ milk price forecasts rise

The NZX milk price forecast for the 2021/22 season has jumped 39c to NZ$8.04kgMS following last week’s lift in prices at the GDT event, with WMP recording the largest price rise since March. Currently, the NZX milk price range is NZ$7.89 – NZ$8.42kgMS with the bottom...
USDA milk growth forecast reduced

Fonterra holds mid-point in milk price forecast

In its most recent DIRA announcement, Fonterra maintained its 2021/22 forecast farmgate milk price at a mid-point of NZ$8.00kgMS. Prior to the season commencing, Fonterra forecast a farmgate milk price range of NZ$7.25 kgMS – NZ$8.75 kgMS, however, no upper and lower...
USDA milk growth forecast reduced

Fundamentals improving

According to Freshagenda’s latest Global Dairy Directions update, market fundamentals through the coming quarters are expected to remain mostly supportive of commodity prices. Despite the profound challenges posed by the tangle of ground and sea logistics...
USDA milk growth forecast reduced

The bumpy road out of COVID continues

According to our latest Global Dairy Directions update global dairy market fundamentals remain largely supportive of prices. Northern hemisphere milk production continues to grow slowly, with signs that recent strong US growth is beginning to ease. EU SMP and butter...