Global Milk Surge Pressures Dairy Market Stability
A sharp increase in milk production across the European Union, United States, and New Zealand is exerting significant downward pressure on commodity dairy prices. With supply now outpacing demand—amid weakening domestic consumption and slow export growth—market fundamentals are shifting toward bearish sentiment. The EU faces easing supply constraints but afternoon droughts threaten feed stocks. In…
US Milk Surge Signals Mixed Outlook for Global Trade
Milk production in the United States continues to expand, with April 2025 output up 1.5% year-on-year, reaching 19.37 billion pounds. This increase is driven by both higher herd numbers (up 89,000 cows YOY) and improved per-cow yields. Rising production is supporting stronger supply-side dynamics, which have already lifted wholesale prices of cheese, butter, and non-fat…