The Dryer’s Getting Robbed

About this episode

The episode discusses the volatility in global dairy markets with insights from European traders on skim milk powder and protein streams.

Flush season is here. Protein solids are up. Global milk production is up. So… Where’s all the skim milk powder? In this episode of The Milk Check, host Ted Jacoby III and the Jacoby team sits down with Martijn Goedhart and Henk-Jan Bouwman of Cefetra Dairy for a European perspective on the volatility rippling through global dairy markets. We talk through how traders got caught short and why the spring flush might not loosen up the skim milk powder/nonfat dry milk market. Plus, are we pricing U.S. out of the export market? We’ll get you up to speed on: Why skim solids are being pulled away from dryers and into protein streams How hand-to-mouth buying turned into a short squeeze What record-high butter stocks in Europe mean for upside potential Tune in to hear how Europe and the U.S. are navigating one of the most volatile stretches in recent memory. L If you’re making sourcing or coverage decisions right now, don’t miss The Milk Check episode 94: The Dryer’s Getting Robbed. Got questions? We’d love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check TMC-Intro-final Ted Jacoby III: [00:00:00] Coming up on The Milk Check. Martijn Goedhart: You have…

People in this episode

Host: Ted Jacoby III

Guests: Martijn Goedhart, Henk-Jan Bouwman

Topics covered

• dairy markets
• skim milk powder
• global milk production
• trading volatility
• export market

Keywords

• skim milk powder
• nonfat dry milk
• protein solids
• global dairy markets
• trading
• butter stocks
• spring flush

Mentioned in this episode

Organizations: Cefetra Dairy, T.C. Jacoby & Co.

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