COLO Dairy Commodity Trading

Follow if you are in the dairy industry! #commodities #markets #trading #riskmanagement #hedging #dairy

[milkprices.com @MilkpricesCom]

25tBSC prices trading a fairly wide range this week, anything from £1.20 to £1.25kg ex works but, prices have overall edged towards the upper end of this range as the week has progressed. Weaker £ v € this week has also helped. Spot milk still trading around 25ppl delivered.

[milkprices.com @MilkpricesCom]

Milk volumes running tighter being weather driven. 25tBSC prices this week averaging £1.42 to £1.45kg ex works, topping out at £1.47/kg around mid week. Spot milk prices continue to head north, one doesn't want to be caught short now with prices ranging 27ppl to 28ppl delivered.

[Ronald K. OBrien II @rko2milk]

China’s biggest dairy company has warned that it may pull out of sponsoring the 2022 Winter Olympics in Beijing because of its local rival. https://t.co/4uGh6UtjBT

[EU Agriculture🌱 @EUAgri]

All the 380k tonnes of skimmed milk powder that the @EU_Commission bought to stabilise the market during the #MilkCrisis have now been sold! 👏📊🥛

This was just 1 of the measures we put in place to support EU farmers in a time of need 👨‍🌾🇪🇺👩‍🌾

More info: https://t.co/2jSUA9KC1F

[StoneX EU Dairy @StoneX_EUDairy]

GDT TE238 moved lower for the 3rd consecutive auction down -3.8% for an average price of $3,208. #WMP (-4.3%), #SMP (-3.5%), #Butter (-5.7%) #AMF (-3.3%) #Dairy #OATT #GDT

[Ronald K. OBrien II @rko2milk]

According to Blohm, the market is trying to reduce production as much as possible. Yet, the most recent milk production report showed an increase in production, albeit just 0.1%. https://t.co/Smds046LoB

[StoneX Dairy @StoneXdairy]

Higher #milk prices might be cows on the farm longer. YoY slaughter data failed to drop below year ago levels. #OAT #Dairy

[milkprices.com @MilkpricesCom]

The wet and colder weather has seen milk production ease a little while demand has perked up a bit. 25tBSC last week ranged from £1.38 to £1.40 ex works and looking a little firmer this week. Spot milk prices also picking up a little from last week's price range of 22 to 24ppl.

[Ronald K. OBrien II @rko2milk]

Monday, CME Spot Dairy Markets: Blocks down 3.25 cents at $1.75 on 7 trades, Barrels unchanged at $1.605 on 0 trades, Butter up 1.25 cents at $2.3775 on 3 trades, Whey down 3/4 cents at 35.5 cents on 1 trade, NFDM unchanged at $1.0525 on 0 trades

[Ronald K. OBrien II @rko2milk]

CWT

[Conor Mulvihill 🐄 @conormulv]

Excellent note from the @teagasc economics team on agri implications for A possible no deal...

[StoneX Dairy @StoneXdairy]

#Chinese farm gate milk prices rallied in the 2nd half of 2018. This helps to explain the strong #import pace in late 2018/early 2019. The stronger #milk price started around when the #tradewar started. #OATT #Dairy

[Conor Mulvihill 🐄 @conormulv]

Day in Brussels today with the @EDA_Dairy discussing a range of Dairy Trade & CAP developments on behalf of the members of @DairyIndustryIE.
Fast movement on MERCOSUR. 🐮🧀🇪🇺🇮🇪

[Conor Mulvihill 🐄 @conormulv]

Huge growing market for Ireland - particurly for cheese after the recent 🇪🇺🇯🇵 Free Trade Agreement with tarriffs reducing yearly and 🧀 demand increasing.

[Ronald K. OBrien II @rko2milk]

Wednesday, CME Spot Dairy Markets: Blocks down 1 cent at $1.785 on 0 trades, Barrels unchanged at $1.5525 on 0 trades, Butter down 1.25 cents at $2.3925 on 16 trades, Whey unchanged at 35.75 cents on 0 trades

[Dairy Industry Newsletter @DINtoday]

ALL five official Dutch dairy commodity prices have been cut for the first time since last Oct—butter down €40 to a 4-year low of €3,850/t; WMP down €40 to €2,910/t; SMP (food) down €20 to €2,100/t; SMP (feed) down €20 to €1,900/t; whey powder down €10 to €710/t

[Ronald K. OBrien II @rko2milk]

NZX Nov 2019 AMF futures down $275 per ton (-5%) at $5250 per ton