Episode 122 - Following the milk price signals

Global dairy markets have entered a period of correction after two years of exceptionally strong prices, with growing milk production putting downward pressure on key commodities. Anne Lee speaks with HighGround Dairy's Stu Davison about the global forces shaping New Zealand's farmgate milk price, from expanding milk production in the United States to Europe's heatwave, China's changing demand patterns and the latest Global Dairy Trade Pulse results.   Host: Anne Lee, Senior Journalist, Dairy Country Guest: Stu Davison, HighGround Dairy   Stu explains why traders are already pricing weather risk into dairy markets as New Zealand heads towards a potential Super El Niño, and what that could mean for milk production and commodity prices over the coming season. Anne and Stu also discuss the growing competitiveness of US dairy exports, how conflict in the Middle East is influencing global dairy trade and food security, the impact of Europe's large butter and skim milk powder inventories, and why currency movements could play a significant role in New Zealand's milk price outlook.   Sign up to the weekly DAIRY Country email newsletter here: https://dairycountry.co.nz/sign-up/See omnystudio.com/listener for privacy information.