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• gDT – “Once is luck, twice is coincidence and three times is a pattern”
• Cheddar vs WMP Round 2
• CME Butter – Rocket Man
• US Gov Shutdown On Hold

• Powders powering gDT results
• US Milk production….Cowboy country is drying up
• It’s official, El Nino strikes back
• Cheddar vs WMP milk optimisation

• An unexpected strong WMP result on gDT Last night – Bull #1
• But China remained relatively quiet – Bear #1
• US prices, especially on the cheese front, remain high and supply seemingly tight – Bull #2
• European milk is still growing and European demand looks to be on the weak side – Bear #2

• Chinese WMP demand is disappearing at a critical time of year
• What has helped the China milk boom? Cows from NZ and Australia!!
• US West Coast port issues, now compounded by Panama canal
• US cheese pricing, press replay for export uptake… or lack thereof

• gDT WMP takes it on the chin
• The seesaw action of the US cheese market continues
• Green shoots in China?
• Macro impacts on Dairy

• Plant-based dairy/meat, the interest balloon seems to be deflating

• US & NZ cheese prices wave at each other as they pass on the pricing curve

• Like the state of international rugby, NZ price forecast is opening up a big competitive chasm between Australia and New Zealand

• gDT was down again but not as much as predicted but still no thanks to China buying

• The Slope of Hope, CME Cheese futures continues the faith game

• gDT – well that was interesting, let’s have a closer look

• June is done, Aussie dairy industry breathes a sigh of relief… but…

• Milk finally grows in Australia, could we see the trend continue?

• We’re seeing just how much money shipping companies made across the pandemic, it’s sickening

• West Coast USA port issues – “We’re Back”!! (said in that scary Poltergeist voice)

• We’re still in the USA and April exports were way down after being way up…which way now?

• Silly season update, reporting live from Down Under

• Silly season comes to Australian dairy industry 6 months early

• China China China – so much to discuss

• Trouble a foot in the middle east? Yes, pun intended

• Ghosts of Food Box past in the USA (the Christmas references continue)

• China has a birth rate problem – President Xi decrees time to procreate

• Meanwhile, California has a snowpack problem adding to a water problem

• USA needs exports more than it knows

• “Super” El Nino on the way? More than another new awesome weather word

• ADPI wrap up. What did we learn?

• West Coast USA port negotiations drag on. It’s all about the theory of relativity

• Surely we can’t flip from La Nina to El Nino….

• Chinese milk supply….What is going on behind the wall?

• 18,000 dairy cows lost in a farm fire in TX…. Yes, you read that right 18,000!!!!

• CA dairy region now under water

• gDT bounces back – SMP shows signs of life

• Oceania processors face the mother of all catch 22’s

• gDT – China is BACK! But where was everyone else? – Discuss

• Australian dairy farmers may have cause for pause if considering a beef transition

• Looks like we’re back in the 1800s US wild west, train heists are a thing

• Race is on to stop cows far… no let me rephrase, stop cows’ flatulence

• No one will be surprised to hear that Chinese imports are down to begin ’23 but the scale is eye opening

• That thump you heard last night was gDT cheese falling out of bed

• Spring has Sprung in the northern hemisphere, milk is plentiful in Europe and the US

• Environmental pressures are a growing reality in our industry and will help frame the future over the next 5 years

• European milk expected to decline in 2H of 2023 but there is still a spring flush to deal with first

• Shipping lines continue to hold on to blank sailings as a nice little demand enhancer

• Market is looking for a direction, what day is it?

• Whey proteins have experienced one of the sharpest price corrections ever, where to from here?

• Infant formula world – it’s tough out there

• NZ smashed again – could be a very early finish for the North Island

• What happens to alternate proteins when money starts to cost money?

• Australia’s milk is down 7% YoY. Imagine if it was dry and we didn’t have the highest milk price on record!

• Anyone for a swim? North Island Kiwis under water

• Some Euro traders have called the bottom, at least for now

• Dairy Farmer exits are a global phenomenon

• Middle East demand, the quiet achiever!

January 18, 2023

• California is the new Australia – land of drought & flooding rains

• China is back – it’s just that no one noticed

• Euro winter is mild – more milk?

• Aussie processors scrambling for milk

December 21, 2022

• Europe sends a pretty clear message, we’ve got dairy products to sell

• It’s still crazy dry in Cali, so are the cows packing up for greener pastures?

• China’s infant market claims another victim upon It’s rocky shores

• Merry Christmas from all of us at Ausfine – another crazy year to add to the pile

December 7, 2022

• Oops, maybe Europe has a bit more milk than we bargained for

• China showing green shoots of COVID easing restrictions – do we start overreacting yet?

• NZ is down on milk but does it matter?

• Factories are being boarded up here in Australia