NFDM futures retreat on heavy milk supply

After peaking in early March, global dairy prices ran into resistance, with sluggish performance over the past two and a half months. This past week’s Global Dairy Trade auction results yielded a modest decline of 0.9 percent, bringing the cumulative performance to a drop of [...]

Global dairy prices sink as second COVID-19 hits Europe & U.S.

Nervous traders backed away from dairy markets this past week as concerns grew about faltering demand and renewed shutdowns across Europe. As cases rapidly rose, sometimes to highs for the year, France and UK announced closures and shutdowns to gain some control over the [...]

Global dairy markets exhibit signs of life as New Zealand enters flush

After spending the last two months in negative territory, global dairy prices surged forward in the latest Fonterra Global Dairy Trade auction on Sep. 15. On decent volume of 33,791 MT of products offered, prices across the complex moved up 3.6 percent, the best [...]