Industry news & Vesper highlights
April placements of cattle on feed reached 1.70 million head, up 5.5% from a year earlier, the largest year-on-year increase since July 2024, according to USDA’s latest Cattle on Feed report. The result ended a streak of 10 consecutive months in which actual placements ran below model-implied estimates, with the cumulative shortfall during that period […]
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European Cheddar production maintained strong momentum throughout 2025, supported by abundant milk availability. However, the supply-heavy H1 picture originally anticipated...
Whey protein isolate markets are characterised by a persistent supply-demand imbalance, with demand significantly outstripping available production capacity. The European...
WPC80 stands apart from the broader dairy complex, with market dynamics driven primarily by demand rather than milk availability. That...
The lactose market experienced significant price increases during 2025, driven primarily by tightness in the US market that pulled European...
Whey permeate stands out as one of the more stable products in the dairy complex heading into 2026, largely insulated...
Sweet whey powder is showing a clear divide between Europe and the United States in early 2026, and that regional...
European Whole Milk Powder pricing is driven by the combined dynamics of butter and skim milk powder, alongside overall milk...
The global skim milk powder market has shifted significantly from what was expected at the start of 2026. Rather than...
European butter markets are entering 2026 with ample supply. Strong milk production throughout 2025, particularly in the second half of...
