Dairy Insights: Heard Mentality

Follow Dairy Insights: Heard Mentality
Share on
Copy link to clipboard

Dairy prices are driven by global supply and demand factors, you can’t truly understand what is happening in any dairy market unless you understand what is happening globally. In this podcast dairy market analysts and brokers from our global team breakdown what is happening in the U.S., EU, Oceania and Asian markets to help make sense of your local market.

StoneX Group Inc.


    • May 21, 2025 LATEST EPISODE
    • every other week NEW EPISODES
    • 18m AVG DURATION
    • 44 EPISODES


    Search for episodes from Dairy Insights: Heard Mentality with a specific topic:

    Latest episodes from Dairy Insights: Heard Mentality

    Episode 40 - US and EU Cheese Markets

    Play Episode Listen Later May 21, 2025 19:03


    We've seen a significant rally in U.S. spot cheese and future prices and some significant strength in deferred EU OTC prices. Desmond Strelzow joins me to talk about the EU market and I talk through the drivers behind the U.S. strength and where I think the market is going.

    Episode 39 - EU Butter and Cheese Markets Still Have Buy Side Support

    Play Episode Listen Later May 6, 2025 15:21


    EEX butter futures have been trending a little lower, but every time they dip, buyers seem to show up. We've seen a similar pattern for cheese but EEX SMP has been on a straight trend lower. I talk to Fearghal McCabe about the EU markets and whether they can stay at a big premium to the U.S.

    Episode 38 - GDT_SGX Rally and Growth in Chinese Milk Production

    Play Episode Listen Later Apr 22, 2025 20:11


    YiFan Li comes on to talk about the strength we've seen in GDT/SGX prices and NBS data suggesting milk production in China was up 1.7% during the first quarter.

    Episode 37 - Whats Up and Down in the US Dairy Market

    Play Episode Listen Later Apr 14, 2025 22:22


    This week I talk to Dave Kurzawski about the U.S. spot and futures markets and the impact that tariffs or threats of tariffs have had.

    Episode 36 - Foot and Mouth Spreading in Europe?

    Play Episode Listen Later Apr 3, 2025 17:38


    During March there were 2 new cases of FMD in Hungary and 5 new ones in Slovakia. Florian Hildebrand joins me to discuss the spread of FDM and what we know about the impacts on the dairy markets.

    Episode 35 - NZ Developments and FMD in Hungary

    Play Episode Listen Later Mar 13, 2025 19:31


    A second case of foot and mouth disease has been discovered in Europe and John Lancaster discusses what he saw and heard around weather and milk production in New Zealand and a partnership we have to bring a focus on margins and hedging to NZ dairy farmers.

    Episode 34 - Gulfood and Global Dairy Demand

    Play Episode Listen Later Feb 26, 2025 17:48


    We got a pulse check on global dairy demand with Gulfood and the ONIL tender last week. It's not time for the defibrillator yet, but things aren't great.

    Episode 33 - Mexico and the NFDM_SMP Market

    Play Episode Listen Later Feb 21, 2025 13:24


    NFDM and SMP prices across the major dairy exporters were all lower this week. Alfredo Resendiz Rojo has been in contact with buyers and traders of NFDM in Mexico and gives his view of the market.

    Episode 32 - EU Dairy Markets Softening

    Play Episode Listen Later Feb 6, 2025 15:40


    We've seen choppy but downward trending price action in EEX butter and SMP futures. Fearghal McCabe comes on to talk about what he is seeing in the EU dairy markets.

    Episode 31 - IDFA Sentiment and Corn Rally

    Play Episode Listen Later Jan 30, 2025 21:28


    The annual IDFA Dairy Forum took place this week with record attendance and plenty of talk about the dairy markets. Kyle Schrad shares his take aways and thoughts on the recent rally in corn futures.

    Episode 30 - GDT Rally, China and SEA Demand 1

    Play Episode Listen Later Jan 27, 2025 22:00


    GDT prices were up this week, Chinese imports for December were stronger than expected and government statistics suggest Chinese milk production was down 9.1% in Q4. YiFan Li was in China two weeks ago and comes on to talk about it all.

    Episode 29 - Foot and Mouth Disease in Germany

    Play Episode Listen Later Jan 17, 2025 24:20


    Foot and Mouth Disease has been detected in Germany which has both supply and demand implications for the dairy markets globally. John Lancaster and Aurelien Houitte join me to talk about what we know and what the implications are.

    Episode 28 - 2025 Dairy Markets are Starting Strong

    Play Episode Listen Later Jan 10, 2025 14:22


    Episode 27 - Record Drop in California Milk Production

    Play Episode Listen Later Dec 24, 2024 16:38


    Milk production in California during November was down 9.2% from last year which was a record decline. Dave Kurzawski talks about impacts for the markets and some big picture predictions for 2025.

    Episode 26 - EU Markets Weaker Ahead of Year End 1

    Play Episode Listen Later Dec 12, 2024 17:49


    Milk production in Europe is growing again, both year-over-year and seasonally while buyers are stepping away from the market for the year-end holidays. Desmond Strelzow talks about the weakness we're seeing across most dairy prices in Europe right now.

    Episode 25 - Surprising GDT and ONIL_Vinamilk Tenders

    Play Episode Listen Later Dec 5, 2024 24:23


    Will GDT WMP break the $4,000 mark? YiFan Li discusses the surprising GDT Event results and we talk about the ONIL and Vinamilk tenders that just wrapped up.

    Episode 24 - Mexico NFDM Demand

    Play Episode Listen Later Nov 22, 2024 16:49


    Alfredo Resendiz-Rojo leads our efforts to develop dairy risk management in Latin America. This week he comes on the podcast to talk about Brazil and what he is hearing about Mexican demand for NFDM.

    Episode 23 - Gulf Food and India's Dairy Exports

    Play Episode Listen Later Nov 15, 2024 20:11


    Episode 22 - The incredibly orderly collapse in Class III

    Play Episode Listen Later Nov 7, 2024 18:32


    Episode 21 - Nate and Dave Were Wrong

    Play Episode Listen Later Nov 1, 2024 24:54


    Episode 20 - SIAL in Paris and French Weather

    Play Episode Listen Later Oct 24, 2024 17:31


    SIAL is one of the biggest food trade shows in Europe and just wrapped up. In this episode, I talk with Aureilien Houitte from our team who attended SIAL and talked with dairy buyers and sellers there.

    Episode 19 - More on SGX Dairy Conference and Australia

    Play Episode Listen Later Oct 16, 2024 20:19


    Dustin Winston, Commodity Market Analyst on the dairy team, spent a few weeks traveling around Australia and attending the SGX dairy conference in Singapore. He shares what he heard on AU/NZ milk production and product mix as well as Chinese import demand.

    Episode 18 - SGX Conference Recap

    Play Episode Listen Later Oct 10, 2024 15:05


    Market sentiment at the SGX dairy conference was mixed. Our newest team member, Jeanette Tan, from our Singapore office shares what she heard from the suppliers, traders and buyers at the conference.

    Episode 17 - Butter Prices Come off the Boil

    Play Episode Listen Later Oct 3, 2024 19:08


    EU and U.S. butter prices have collapsed, although EU prices have rallied back a bit. I talk with Desmond Strelzow from the Dublin office about what is driving the butter market and what he is seeing for price movements in other EU dairy commodities.

    Episode 16 - CME Barrel Cheese At Record High

    Play Episode Listen Later Oct 3, 2024 19:08


    CME spot barrels made a new record high at $2.6225/lb. ($5,780/MT) and U.S. milk production remains weak with bird flu now spreading through the dairy herd in California. I talk to Dave Kurzawski about what we expect for cheese prices through the end of the year.

    Episode 15 - StoneX EU Outlook Conference Recap

    Play Episode Listen Later Oct 3, 2024 17:24


    We had record attendance at our European Dairy Market Outlook & Risk Management Forum in Dublin Ireland last week. I talk with John Lancaster about what we learned from talking to the attendees about Bluetongue and the butter market.

    Episode 13 - Equity Market Meltdown

    Play Episode Listen Later Oct 3, 2024 20:10


    The global financial markets were looking scary Monday, but what are the implications for the real economy and dairy demand?

    Episode 16 - CME Barrel Cheese At Record High

    Play Episode Listen Later Sep 27, 2024 19:08


    CME spot barrels made a new record high at $2.6225/lb. ($5,780/MT) and U.S. milk production remains weak with bird flu now spreading through the dairy herd in California. I talk to Dave Kurzawski about what we expect for cheese prices through the end of the year.

    Episode 15 - StoneX EU Outlook Conference Recap

    Play Episode Listen Later Sep 18, 2024 17:24


    Feed costs like corn and soybeans are hitting multi-year lows which is boosting profitability for U.S. dairy farmers, will we get stronger milk production in coming months?

    Episode 14 - Bluetongue in Europe

    Play Episode Listen Later Aug 28, 2024 21:53


    Bluetongue disease is hitting dairy farms in the Netherlands, Germany, France and Belgium and reducing milk production. Florian Hildebrand shares what he is hearing about the spread of the disease and the impact it is having on farmers and processors.

    Episode 13 - Equity Market Meltdown

    Play Episode Listen Later Aug 8, 2024 20:10


    Episode 12 - EEX Liquid Milk Futures Contract Changes

    Play Episode Listen Later Jul 29, 2024 19:40


    The EEX is changing the contract specification for their liquid milk futures contract which could lead to more liquidity across the European dairy contracts as well as offering more transparency around the value of milk and making it easier for farmers and cooperatives to lock in prices for milk.

    Episode 11 - Weak U.S. Milk Production and Stronger Prices

    Play Episode Listen Later Jul 26, 2024 17:47


    U.S. milk production was weaker than expected in June, will the supply side story be enough to push dairy prices to new highs this year?

    Episode 10 - GDT Results and Chinese Dairy Market

    Play Episode Listen Later Jul 19, 2024 20:30


    Prices at the GlobalDairyTrade auction (GDT) were better than expected this week and milk production growth in China has slowed down, what is there to be bearish about?

    Episode 9 - Feed Costs and U.S. Dairy Farm Margins

    Play Episode Listen Later Jul 11, 2024 14:10


    Feed costs like corn and soybeans are hitting multi-year lows which is boosting profitability for U.S. dairy farmers, will we get stronger milk production in coming months?

    Episode 8 - EU Market Update

    Play Episode Listen Later Jul 3, 2024 15:31


    Dairy prices at the GDT Event were down a surprising 6.9% this week which is helping to feed the bearish sentiment in the EU dairy market.

    Episode 7 - Bullish USDA Dairy Reports

    Play Episode Listen Later Jun 27, 2024 20:43


    U.S. milk production for May was weaker than forecast and U.S. cheese and butter stocks for May were also weaker than expected. Nate Donnay and Dave Kurzawski talk about the reports and expectations going forward.

    Episode 6 - New Zealand Fieldays and StoneX Trading App for NZ Farmers

    Play Episode Listen Later Jun 20, 2024 21:34


    Fieldays is the biggest agricultural get-together in New Zealand. Nate Donnay talks with Matt Manning who attended this year to launch a new financial tool aimed at New Zealand dairy farmers.

    Episode 5 - Possible Chinese Tariffs on EU Dairy Products

    Play Episode Listen Later Jun 14, 2024 18:21


    The EU Commission has announced anti-dumping tariffs on Chinese electric vehicles and China is threatening retaliatory tariffs on European agricultural products including dairy. Nate Donnay and John Lancaster talk about potential impacts on dairy markets.

    Episode 4 - U.S. Dairy Prices Test Recent Highs

    Play Episode Listen Later Jun 7, 2024 19:43


    I talk to Dave Kurzawski, Team Lead in Chicago, about the rally and fizzle we've seen in U.S. cheese and butter prices this week.

    Episode 3 - What's Happening in China

    Play Episode Listen Later May 30, 2024 26:42


    Lu Shi attended the China Dairy Industry Annual Conference in Changsha this week and she shares what she learned there.

    Episode 2 - Eucolait

    Play Episode Listen Later May 24, 2024 13:59


    The European butter market has rallied sharply in the past two weeks. Nate Donnay and John Lancaster, Head of EMEA Dairy and Food Consulting, talk about the supply side drivers behind the price strength.

    Episode 1 - CME Cheese and EU SMP

    Play Episode Listen Later May 17, 2024 21:32


    Episode 1: CME spot cheese prices have rallied 50 cents and nearby Class III milk futures are up $4 to $5 per hundredweight while SMP and butter prices in Europe have rallied. Dave Kurzawski and Fearghal McCabe talk about the markets and what they are seeing.

    Trailer for StoneX Dairy Insights: Heard Mentality

    Play Episode Listen Later May 10, 2024 4:48


    dairy stonex heard mentality

    Claim Dairy Insights: Heard Mentality

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel