Global dairy production fuels perhaps the most dynamic and volatile agriculture commodity market. And while dairy products are consumed all over the world, most of the milk at the foundation of those products comes from… Read more
Exporting to accommodate global dairy consumption
A simple principle of economics is that when production outpaces demand, you either cut production or open new markets. Over the last three decades, the dairy industries in the main milk-producing regions of the world… Read more
How the ELD mandate impacts dairy trucking capacity
New electronic logging rules for motor carriers in the U.S. are now fully effective, and the predicted impact of the ELD mandate is coming true: Capacity is being squeezed and costs are soaring. Just as… Read more
Milk classes: The foundation to markets, futures and dairy trading
Because dairy markets are so naturally volatile, the reaction among industry stakeholders and the government has been to try to limit the volatility. Methods meant to achieve orderliness have increased —and become more complex— over… Read more
Key factors affecting milk production and quality
A driving factor in the volatility of the dairy industry is that the quantity and quality of milk produced over time cannot be guaranteed. It depends too much on factors farmers can’t control—though they do… Read more
Understanding risk management in the dairy industry
Commodity markets are naturally volatile. It’s especially true in the dairy industry, where milk and its derivative products are produced, bought, sold and moved on an intercontinental scale based on the ever-changing demands of modern… Read more