# What will happen with dairy markets in 2019? | AHDB

> AHDB outlines conflicting forces in dairy markets for 2019, with EU and Australian milk output hit by weather and depleted feed stocks, and US growth slowed by tight margins. EU intervention stocks are expected to be sold by end-2019, which should support SMP prices, while weak butter demand is seen capping butter prices.

- Date: 2019-01-09 · published 2019-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61112-what-will-happen-with-dairy-markets-in-2019-ahdb
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Tighter exporter milk supply and recovering SMP prices support dairy values, while weak butter demand limits gains. Depleted EU and Australian feed stocks also tighten feed demand dynamics.

## Read by commodity

- MBM: neutral
- MILK: bullish ▲

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/what-will-happen-with-dairy-markets-in-2019

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.