Weekly forecast update – Jan. 21, 2022
Forecast updates This week, adjusted 2022 prices for spot markets but maintained high price targets through 2022. No changes to 2023 or 2024 this week. Increased 1H 2022 prices for whey and NDM. Adjusted Q1 2022 butter higher. Fluid Milk Market Milk new remains consistent – bottlers continue to demand more milk than expected and milk off the farm is Read more
Weekly forecast update – Jan. 16, 2022
Forecast updates This week, adjusted 2022 prices for spot markets but maintained high price targets through 2022. No changes to 2023 or 2024 this week. Global milk production remains above the previous year; however, reports of slowing milk from New Zealand this week caused markets to jump again. At the start of 2022, demand continues to outpace supply, continuing where Read more
Weekly forecast update, Jan. 7, 2022
Forecast updates Given the raucous start to 2022 – Ceres increased the forecast for nearly all dairy product prices – resulting in substantially higher milk prices for 2022. Those prices will be subject to continued consumer acceptance of higher prices with few changes to purchases. It is likely prices could ease into 2023, but with no new capacity on the Read more
Monthly Forecast Update – Jan. 2022
Forecast updates Given the raucous start to 2022 – Ceres increased the forecast for nearly all dairy product prices – resulting in substantially higher milk prices for the duration of 2022. Those prices will be subject to continued consumer acceptance of higher prices with few changes to purchases. It is likely prices could ease into 2023, but with no new Read more
Weekly forecast update, Dec. 31, 2021
Weekly Forecast Update For the week ending December 31, 2021 Forecast updates Global milk production remains above the previous year, barely. Given current levels of demand, that is supporting year-end prices well above average. Slower churning, during the final weeks of the year has translated into widespread concern about availability throughout 2022. That cause spot butter prices to rise. It Read more
Weekly forecast update, Dec. 17, 2021
Forecast updates Increased the Q1 2022 whey forecast Widened the 1H 2022 block-barrel spread by decreasing barrels. All changes increased milk prices for 2022. Fluid Milk Market Milk prices remain elevated – something that could prompt dairy producers to add milk should return surpass the additional cost of producing milk. But, that could still be months off as it will Read more
Weekly forecast updated, Dec. 10, 2021
Forecast updates Increased the 2022 butter forecast Made minor adjustments to other products through Q1 2022 based on spot pricing. All changes increased milk prices for 2022. Fluid Milk Market Anecdotal reports suggest that milk off the farm is still well behind expectations for this time of year – output is better but still essentially flat. That goes for the Read more
Weekly forecast update, Dec. 3, 2021
Forecast updates Given faltering global milk supply and consistent to higher demand – increased the 2022 and 2023 forecasts taking Class III and IV milk prices above $20/cwt for a sustained period. In turn, that will lift price expectations for Class I and II milk prices. Australia and New Zealand released the seasonal peak, October milk production at 3% less Read more
Monthly Forecast – Dec. 2021
Forecast updates • Given faltering global milk supply and consistent to higher demand – increased the 2022 and 2023 forecasts taking Class III and IV milk prices above $20/cwt for a sustained period. In turn, that will lift price expectations for Class I and II milk prices. o Australia and New Zealand released the seasonal peak, October milk production at Read more
Weekly forecast update, Nov. 26, 2021
Forecast updates Very few changes to the forecast – slight alteration to NOV21 prices due to previous week’s spot markets and NDPSR updates. Fluid Milk Market Bottling demand remained elevated ahead of the holiday, with more Milk expected to head to manufacturing plants over the extended weekend. That could allow for a bit more commodity product output; however, bottling Milk Read more