Report 49 – Released on December 5, 2019

WESTERN OVERVIEW

Western European milk production recently hit the seasonal low and is slowly moving higher.Production in some of the leading milk producing countries has increased each week for several weeks. Increases are over one year earlier, as well as above the previous week. This raises optimism for a strong end to the calendar 2019 milk production. The additional milk is easily accommodated by processing plants. Cheese manufacturers, in particular, are eager to get all of the milk they can.While many or most buyers are generally comfortably stocked for 2019, there are still active discussions to finalize early 2020 dairy product needs. This applies to internal European needs, as well as export interest.Continuing tightness of cheese supplies has led to buyers being less price resistant. It is widely accepted that prices are not likely to move lower, or at least much lower, in the immediate future.

EASTERN OVERVIEW

Eastern European milk production is similar to Western Europe in rising from recent season allows. There are also signs of increases in key milk producing countries being over year earlier volumes. Poland, a top milk producer in Eastern Europe, remains hopeful that December results will help notch a strong end to 2019 milk production there.

     Information for the period November 25 -  December 6, 2019, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
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