January US Inflation Comes in Lower Than Expected

January US Inflation Comes in Lower Than Expected

Headline inflation in the US was reported at +2.4% YOY in January, an eight-month low, with core inflation (which excludes volatile energy and food prices) at +2.5% YOY, the lowest since March 2021. The headline increase was lower than pre-report market expectations,...
January US Inflation Comes in Lower Than Expected

Fonterra Reduces Midpoint Milk Price

Fonterra has lowered its forecast Farmgate Milk Price for the 2025/26 season, shifting the range from NZ$9.00–NZ$10.00kgMS to NZ$8.50–NZ$9.50kgMS, with the midpoint reduced from NZ$9.50 to NZ$9.00kgMS. The adjustment reflects ongoing strong global milk flows,...
January US Inflation Comes in Lower Than Expected

EU: Spot Prices Pause, But Pressure Is On

Spot milk prices in key producing regions have moved sideways in recent weeks following a precipitous fall in value. German spot milk prices have been hovering the mid-30c range for several week, while the Dutch price rebounded from the high 20s last week after...
January US Inflation Comes in Lower Than Expected

EU Butter, Cheese Prices Fall

The sharp correction in the European butter market continued this week, with strong milk production growth and a counter-seasonal decline in spot milk prices. Cream multiples are at their lowest on record for this time of the year, and spot cream is cheaper than...
January US Inflation Comes in Lower Than Expected

Dairy Prices Decline

The FAO food price index rose 1.6% to 130.1 with prices increase for meat and vegetable oils offsetting declining dairy prices. The FAO dairy price index fell 0.1% in July, from the prior month to 155.3 points—21.5% higher YOY. The marginal fall is the first since...
January US Inflation Comes in Lower Than Expected

Fonterra NZ Opens at NZ$10kgMS

New Zealand’s largest dairy cooperative is forecasting a milk price of NZ$10kgMS—both for the opening 2025/26 season price and the full 2024/25 season. The 2025/26 forecast milk price is a wide range, NZ$9.00kgMS—NZ$11.00kgMS. Announcing the opening price, CEO Miles...