Startpagina Podcasts The Dairy Cafe

The Dairy Cafe

Vesper 21 Afleveringen sep. 11, 2026

The Dairy Cafe is a bi-weekly podcast covering the global dairy market. Host Jasper Endlich, along with Feiko Keilholz and Seb Laurenceau, discusses price trends and developments across key dairy categories such as cheeses, liquids, wheys, and powders. The show draws on Vesper's commodity data to help listeners who are buying, selling, trading, or tracking the market stay informed. It is part of a bi-weekly webinar series that offers live charts and data through Vesper.

Afleveringen

Sep. 10, 2026 - Milk and milk powders - how tight is Q4 really? sep. 11, 2026 00:30:08 In New Zealand, whole milk powder is now cheaper than skim milk powder, for the first time in almost four and a half years. Buy the protein and the fat comes free.Vesper's dairy analyst Jasper Endlich is joined by Feiko Keilholz and Sebastiaan Laurenceau to work through milk and milk powders, the product group that has caught people out this year. Skim milk powder was near EUR 2,000 per metric

Aug. 27, 2026 - What’s next for dairy proteins? WPC, MPC, and SMP/NFDM aug. 31, 2026 00:30:25 Western Europe's WPC80 benchmark barely moved this week, but underneath it lower priced offers out of the US and Eastern Europe are working into Western Europe and Asia.Vesper's dairy analyst Jasper Endlich is joined by Feiko Keilholz and Sebastiaan Laurenceau to work through the whole board. Butter stays weak on global oversupply and record US production. European SMP has passed 3,000 EUR

Aug. 13, 2026 – The milk fundamentals: What the EU, US & New Zealand are telling us aug. 13, 2026 00:31:52 In this Vesper Dairy Cafe episode, the hosts review dairy market moves and then focus on fundamentals shaping milk supply across Europe, the US, and New Zealand. They note midsummer volatility driven by weather, with tight liquid markets pushing skim milk powder (SMP) higher amid strong Asian demand and strong absorption of New Zealand GDT volumes, while butter continues trending down due to heavy

Jul. 30, 2026 - Reading the cheese market: Weather, whey and the tools to track it jul. 30, 2026 00:32:26 The hosts explain doing two Dairy Cafe sessions in a row due to holiday scheduling and introduce a revamped “home feed” that consolidates key market prices (e.g., Gouda), reports, forecasts, and bull/bear drivers with links to sources. They note global skim milk powder prices across Oceania, Europe, and the US have converged, increasing competition. The discussion focuses on cheese: after mid-June

Jul 23, 2026 - Heat, holidays and H2: reading the dairy market jul. 23, 2026 00:30:55 In this Dairy Cafe webinar, the hosts discuss how European heat waves reduced milk output temporarily, pushing spot milk above FrieslandCampina’s payout price and driving higher prices and volatility in butter, cream, skim milk concentrate, and cheese, with large spreads between fresh and frozen butter and low futures liquidity. French weekly milk output data is cited as showing rapid recovery aft

Jul 2, 2026 - WPC80/WPI Pricing, Demand Shifts, MPC Substitution & Supply Outlook jul. 2, 2026 00:34:47 Dairy Cafe: Protein Markets Update — WPC80/WPI Pricing, Demand Shifts, MPC Substitution & Supply Outlook (with Joshua White)In this episode of Vesper’s Dairy Cafe, the hosts are joined by Josh White to discuss dairy protein markets, focusing on WPC80 and WPI pricing, recent signs of more offers, and whether buyer activity is slowing due to seasonality, inventory coverage, or price resistance.

Jun 17, 2026 - A two-week dairy market heading into summer jun. 17, 2026 00:29:48 The dairy market is moving at two speeds right now, and the next Dairy Cafe is a chance to step back and read the whole board.On one side, butter, milk powders and most cheese have drifted lower through late spring. On the other side, the whey protein complex keeps setting record highs.So which way does the second half of the year break? Sebastiaan Laurenceau and Feiko Keilholz will walk through w

Jun 4, 2026 - dairy market outlook: plenty moving beneath a quiet surface jun. 4, 2026 00:30:38 In this market update, the hosts discuss a more bearish tone emerging from the Eucolait conference, with noted weakness in European butter and milk powder. They review skim milk powder/nonfat dynamics, highlighting that US prices fell from just under $5,000/ton to about $4,600/ton but remain over $1,000/ton above other origins; a CME nonfat bounce is attributed to short-covering and ongoing supply

May 21, 2026 - Why butter & cheese are bending while proteins hold the line mei 21, 2026 00:30:42 In this episode, Jasper and hosts discuss recent dairy market movements, focusing on butter, cheese, skim/non-fat, whey, and milk proteins. They highlight a major “protein boom” expanding from whey proteins into milk proteins (MPC 85), with April prices up about 25–30% month over month and Q2 MPC supply essentially sold out, driven by limited market size, substitution from higher-priced whey prote

April 16, 2026 - Reading the dairy market as flush season takes hold apr. 16, 2026 00:31:30 In this biweekly dairy update, hosts review global dairy fundamentals and market behavior. They note abundant milk supply worldwide, with January 2026 showing a 4.29% global milk surplus year over year, keeping fundamentals weak even as proteins are volatile. In Europe, France’s surplus is shrinking but still positive, Germany remains about 6.5% higher, and high milk prices (~40 cents, higher in t

Mar. 19, 2026 - What’s really driving the US dairy squeeze? mrt. 19, 2026 00:32:36 In this Dairy Cafè Vesper biweekly update, the hosts review global dairy markets and a U.S. deep dive, focusing on butter, skim/nonfat powder, cheese, and whey. European butter prices fell sharply from around 4.7 to as low as 4.3, driven by fewer buyers, ample stock perception, and volatility dominated by trader volume as many buyers are covered for Q2–Q3 and looking to Q4–Q1. U.S. butter softened

Feb. 20, 2026 - An update on the global dairy market feb. 20, 2026 00:31:00 In a biweekly dairy markets update, speakers discuss unusually high volatility early in January, led by a sharp rally in skim/nonfat dry milk prices (above $3,000/ton; futures rising from about 118 to 158 cents/lb), which also lifted other products like European butter largely through sentiment rather than fundamentals. They attribute the move mainly to a late-2025 slowdown in US milk powder produ

Jan. 22, 2026 - Global dairy market update and new platform release jan. 22, 2026 00:30:48 In the first 2026 episode after a four-week break, the hosts review dairy markets: milk remains abundant in Europe and the US, keeping milk fats weak as European butter prices fall below 4,000 and cream becomes extremely cheap, encouraging butter production and cold storage buildup that could cap price rebounds. Milk output has been exceptionally strong (including notable H2 2025 growth), likely s

Dec .9, 2025 - 1-hour dairy market recap 2025 & Q1 2026 outlook dec. 9, 2025 00:58:44 The final recap of major dairy market movements and looks ahead to 2026, led by analyst Jasper and marketplace head Seb. Butter/milk fat is described as the weakest complex, falling from about €7,500/ton early in the year to near €4,000 with potential to trade around €3,5–3,9k in Q1, driven by strong milk output, seasonal stock building into May, and buyers stepping back after covering needs; over

Nov. 13, 2025 - Is the U.S. Dairy Export Strategy Working? nov. 13, 2025 00:30:41 In this episode, Jasper review busy dairy markets after the U.S. government shutdown ends and data resumes, noting Seb is traveling in France. European butter prices drop further amid heavy cream and ample milkfat, while European powders jump mainly due to exchange-rate shifts that reopen export opportunities despite oversupply. European cheese prices recover on stronger exports, with cheddar pres

Oct. 2, 2025 - Where is the dairy market heading in Q4? okt. 2, 2025 00:31:42 Join dairy experts Jasper Endlich and Feiko Keilholz as they return from the Oakley Conference to unpack key dairy market trends. From record US butter exports and European price slumps to a surging global milk supply and the cheese market's pivotal role, this episode dives deep into the numbers, shifts, and signals shaping the industry. Includes updates on SMP, Oceania milk flow, retail dynam

Sept. 18, 2025 - Dairy markets in free fall: Strategic insights for volatile times sep. 18, 2025 00:30:58 European butter have slipped below the €6,000/mt mark, while SMP prices are falling worldwide, and this may only be the beginning...In this Dairy Café we dive into these rapid price declines with our hosts Jasper Endlich, Sebastiaan Laurenceau and Feiko Keilholz. They'll break down the forces behind this shift and what procurement teams should expect next.Perhaps the timing for budget planning and

Sept. 4, 2025 - Decoding the fundamentals behind the butter price dip sep. 4, 2025 00:28:50 Butter prices are sliding, down €1,000/mt in less than a month.What’s fueling the drop? In this Dairy Café, our analysts will explain the drivers behind the market shift, including:↳ Fundamentals behind the sharp decline↳ Futures vs. spot market dynamics↳ Real-time trading patterns from our marketplace↳ Technical signals to watch↳ Forward outlook *This podcast is part of our bi-weekly webinar seri

Aug. 21, 2025 - Mid-summer dairy update: all categories explained aug. 22, 2025 00:29:35 In this week’s episode of the Dairy Café, market experts Jasper Endlich, Feiko Keilholz, and Sebastiaan Laurenceau unpack the mid-summer shifts shaping your Q4 procurement strategy and which side of the market is likely to move first.New Zealand’s milk season is gaining pace, boosting global supply. In Europe, sellers are holding off until buyers return from holiday, while buyers wait for sellers

Aug. 6, 2025 - Global dairy price update & NZ’s upcoming milk season aug. 6, 2025 00:29:08 Our latest dairy analysis shows dairy buyers struggling with:𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗿𝗮𝘁𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆: EUR/USD shifts moved European SMP prices €35/mt overnight𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗽𝗿𝗶𝗰𝗲 𝗴𝗮𝗽𝘀: WPC80 at €12,100/mt in Europe vs €9,341/mt in the US𝗤𝟰 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆: Balancing current conditions with seasonal tightness expectations𝗠𝗶𝘅𝗲𝗱 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀: Higher milk production but lower butter stocksIn this episode of The Dair

July 10, 2025 - Currency, tariffs & supply chains: what procurement needs to know jul. 10, 2025 00:32:37 In this episode of The Dairy Café, Vesper’s dairy experts Jasper Endlich, Sebastiaan Laurenceau, and Feiko Keilholz explore the economic forces shaping international dairy trade.They break down the trends that matter most to buyers, suppliers, and strategists in the dairy space, covering:- Currency fluctuations and their impact on dairy pricing- Oil price trends and logistics implications- Import/