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A December 2024 global dairy update says the EU butterfat market is acutely tight, though this is expected to ease as seasonal milk availability rises. New Zealand milk output rose 5% through its peak month, and U.S. milk growth is expected to accelerate in the first half of 2025 as new cheese capacity comes online.
Faster U.S. milk and cheese growth in 2025 is likely to pressure global cheese prices through export competition, while the EU butterfat tightness is temporary.
maxumfoods.comCherie MorelDec 10, 2024After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
