Just Released: 2016 Cream Symposium Video
Summary: Huge stocks, high prices. The US butter market continues to sow confusion, to engender more questions than answers. How can high stocks coexist with high prices? Why is everyone still so anxious?
Unlike last year, when multiples spiked in July, cream has been readily available with only hints of tightness through mid-August. Unusual to be sure.
Dairy 101 Recorded Events
Dairy.com offers more than 10 hours of informative, foundational, dairy-specific videos ON DEMAND. We’re adding to our library of dairy education videos, and we encourage you to share these webinars with your colleagues.
Part 1: US Farm Structure and Processing Basics
In this webinar, you’ll learn the basics of balancing, consumption, production and more. Blimling and Associates Managing Director, Duane Banderob, will guide you through the complex—and many times, volatile—dairy industry, covering:
* How and why dairy is more complicated than other commodities
* Key drivers: cow numbers, production and shifting regional competitiveness
* Developed versus emerging market milk utilization and world consumption trends
* Balancing milk supply and dairy product processing basics
Part 2: Global Milk Supply
Part Two of our Dairy 101 series focused on Global Milk Supply. This Dairy.com webinar looks at dairy beyond US borders and educates viewers on key dairy supply, demand, and trade flows. Blimling and Associates Managing Director, Duane Banderob, will help you understand:
* Global supply regions
* Key demand centers
* Emerging markets: trade and trends
* Global dairy product trade flows
Part 3: Global Dairy Demand and Trade
Part Three of our Dairy 101 series focused on Global Dairy Demand and Trade. This Dairy.com webinar looked at shifts and trends in global dairy trade.
Part 4: Global Dairy Demand and Trade Continued
Part IV of our “Dairy 101″ series continues with a further examination of Global Dairy Demand and Trade. Topics covered will include: How the US Fits, A Look at Price, Trade Agreement Basics, and High Protein and Butterfat Products.
Part 5: US Dairy Policy and Pricing
“US Dairy Policy and Pricing” will explore the origins and interworking of US dairy policy. Topics will include Foundations of the Federal Milk Marketing System, Class, Component and Commodity Pricing, Utilization Differences Across the Nation, and Pooling and Blend Prices.
Part 6: US Dairy Policy and Risk Management Basics
In this session, Duane Banderob puts the finishing touches on a few US dairy policy topics and starts the conversation around price risk in dairy markets.
Please note: Jump to 0:30 for immediate start.
Part 7: Dairy Risk Management – Continued
Join Dairy.com as we put the finishing touches on managing price risk in dairy markets. During this webinar, we’ll look at using options, basic options strategies, hedging effectiveness in dairy, and risk management strategies and trade-offs.
Special Event Webinars
2015 Cream Symposium
Quite often, record-setting commodity prices one year will trigger much lower prices the next. That has not been the case for US butterfat markets. While global pricing has drifted to multi-year lows, the domestic market has thrown convention out the window. Market participants saw cream multiples spike in July, followed by CME spot butter prices topping $2.50 per pound in September. Some fundamental metrics don’t immediately or obviously square with the prevailing price landscape. For example, New Zealand butter prices are more than $1 per pound below US prices. US inventories are running 41% above year-prior levels. And, US fat exports are down 76% from 2014.
Watch our annual look at cream and butter market fundamentals.
The State of the American Consumer
This webinar installment zooms out to examine economic conditions and behavioral responses at the consumer level. The goal is to sketch the landscape for domestic dairy product demand – especially in light of dramatically lower energy costs. Topics include:
* Employment environment
* Wage and income trends
* Consumer spending trends
* Gasoline savings and spending redirection
* Restaurant and grocery trends
* General macroeconomic outlook
* Associated possibilities for dairy product demand.
Transportation and Energy Trends in Dairy: Part 1
During the first part of this webinar, we focus on dairy transportation trends.
Transportation and Energy Trends in Dairy: Part 2
During the second half of this webinar, we discuss energy trends as they pertain to dairy and engage the audience through a Q&A session.
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