Trade with us
All reports

Weekly Update: Calm week ahead.

1 min read

    Last week the market continued to trade up. All products traded up roughly 10-20ct and we saw action on all three primary commodities (butter, cheese and powders). Although the market feels firm, we don't think this week will add much more to the prices we see. There is simply too much pressure for close by to really lift the prices further we believe. 

    Although we seem to have left the peak of the milk behind us, it is not as if we are at the dip of the milk now. Milk continues to flow in Europe and producers still need to manage their milk pools. Looking at the spot milk price, producers seem to be managing their milk volumes a lot better. At prices around 40ct, the spot market feels a lot more balanced. Cream and SMP traded up a lot last week, but at the end of the week, it seemed again prices topped off and got a bit more under pressure.

    This week we don't expect a lot of information to shock the market. Next week GDT might give some more insights about international demand. So far we don't expect any big international tenders and it's too early for a pre-summer rally.

    More from the desk

    • 13 min read

      The Bull, The Bear & The Black Swan

      Last week was an intense one. When conflict erupted in the Middle East, the market's first instinct was to buy. Partners moved quickly on available offers, and by Tuesday the GDT had rallied alongside a broad bullish swing across agricultural commodity markets world wide. For a moment, it felt like the market had made up its mind. The second half of the week told a different story.

      • Latest
    • 7 min read

      The Bull, The Bear and the Fairy Dust

      After another active week of trading and yet another slide in prices, we started preparing this week’s report. But beyond concluding that the market remains bearish, there are countless ways to tell the same story: more milk, more stock, slower demand, lower prices. You know the drill. So this week, we’ll skip the usual summary. Those who know us well know we have two children — Lina and Ollie.

      • Latest
    • 3 min read

      The Five Phases of a Buyers Grief

      Yesterday, the market continued its bullish trajectory, driven primarily by surging spot prices for liquid products. With raw milk prices averaging €0.65, SMC prices reaching €2,550, and cream prices breaking records at €10,000 to €10,250, it’s evident that processors are fiercely competing for raw materials. This has left minimal supply available for commodity production.

      • Latest