DCA Market Intelligence

𝗪𝗣𝗖𝟴𝟬 𝗳𝗮𝗹𝗹𝘀 𝘁𝗼 𝗶𝘁𝘀 𝗹𝗼𝘄𝗲𝘀𝘁 𝗽𝗼𝗶𝗻𝘁 𝗮𝘀 𝗯𝘂𝘆𝗲𝗿𝘀 𝗵𝗼𝗹𝗱 𝗯𝗮𝗰𝗸 The DCA WPC80 benchmark fell by 21.3% in week 44, reaching its lowest level since its implementation in late March. Trading activity remains limited. Contributors report that buyers are still holding back, with expectations of further price declines keeping many out of the spot market. WPI90 has been more resilient, declining by 5.9% over the week. This has widened the price gap between WPC80 and WPI90 considerably. At the same time, the gap between WPC80 and MPC has narrowed as protein users have increasingly reformulated products in response to previously high WPC80 prices. What does this mean for buying decisions and production strategies going into 2027? Read the full DCA Market Intelligence analysis: https://lnkd.in/e2pve-tj #DairyProteins #WPC80 #WPI90 #Whey #Protein #ProteinMarket #DairyBenchmarks #DCAMarketIntelligence #SportsNutrition

𝗠𝗶𝗹𝗸 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗴𝗿𝗼𝘄𝘁𝗵 𝘄𝗲𝗮𝗸𝗲𝗻𝗲𝗱 𝗮𝗰𝗿𝗼𝘀𝘀 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗰𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗶𝗻 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 Germany recorded the biggest change, with collections down 4.3% year-on-year after rising 3.1% in August. France was almost unchanged, while Poland increased. Year-to-date production is still above 2025 levels in all three countries, mainly because of stronger growth earlier in the year. Milk prices remain under pressure, despite recovering from August. Feed costs have eased in several markets, but lower milk prices continue to put pressure on margins. Read the full DCA Market Intelligence analysis by Santiago Morales Hilarión: https://lnkd.in/ePpn_Jjb #DairyMarkets #MilkProduction #MilkPrices #EuropeanDairy #FarmgateMilk #DCAMarketIntelligence

𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝗹𝗼𝗼𝗸 𝗯𝗲𝘆𝗼𝗻𝗱 𝗳𝘂𝘁𝘂𝗿𝗲𝘀 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘁𝗼 𝗯𝗲𝘁𝘁𝗲𝗿 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗱𝗮𝗶𝗿𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀? “𝘛𝘩𝘦 𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯 𝘰𝘧 𝘪𝘯𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 𝘥𝘢𝘪𝘳𝘺 𝘣𝘦𝘯𝘤𝘩𝘮𝘢𝘳𝘬𝘴 𝘩𝘢𝘴 𝘨𝘪𝘷𝘦𝘯 𝘶𝘴 𝘢 𝘮𝘶𝘤𝘩 𝘥𝘦𝘦𝘱𝘦𝘳 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘰𝘧 𝘥𝘢𝘪𝘳𝘺 𝘮𝘢𝘳𝘬𝘦𝘵 𝘧𝘶𝘯𝘥𝘢𝘮𝘦𝘯𝘵𝘢𝘭𝘴. 𝘐𝘵 𝘩𝘦𝘭𝘱𝘴 𝘶𝘴 𝘭𝘰𝘰𝘬 𝘣𝘦𝘺𝘰𝘯𝘥 𝘧𝘶𝘵𝘶𝘳𝘦𝘴 𝘮𝘢𝘳𝘬𝘦𝘵𝘴 𝘢𝘭𝘰𝘯𝘦 𝘢𝘯𝘥 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘴 𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 𝘪𝘯𝘱𝘶𝘵 𝘧𝘰𝘳 𝘰𝘶𝘳 𝘧𝘰𝘳𝘦𝘤𝘢𝘴𝘵𝘪𝘯𝘨 𝘮𝘰𝘥𝘦𝘭𝘴 𝘢𝘯𝘥 𝘮𝘪𝘭𝘬 𝘷𝘢𝘭𝘰𝘳𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴.” — Commodity Researcher and Systematic Trader, Cefetra Group Cefetra uses DCA Market Intelligence’s independent dairy benchmarks, pricing insights and market intelligence to build a broader view of physical dairy markets alongside futures markets. The team integrates DCA benchmark data into internal forecasting models, compares physical prices with futures markets and uses different dairy price streams to analyse milk valorization opportunities. Access to liquid dairy market data, historical benchmarks and WPC80 pricing also helps Cefetra follow developments across dairy commodities and ingredients in more detail. By combining independent benchmarks with its own models, Cefetra gains greater market transparency, improved forecasting capabilities and more informed commercial and risk management decisions. Read the full customer story on DCA Market Intelligence: https://lnkd.in/e-B2x6pY #DairyMarket #DCAMarketIntelligence #DairyBenchmarks #MarketIntelligence #CommodityTrading #DairyIndustry

𝗘𝘂𝗿𝗼𝗽𝗲 𝗶𝘀 𝗲𝘅𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗰𝗵𝗲𝗲𝘀𝗲, 𝗯𝘂𝘁 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗳𝗼𝗹𝗹𝗼𝘄 EU cheese exports increased by 6.5% year-on-year through August, while export value declined by 1.5%. At the same time, European cheese production increased by 3.6% through July. In fact, 57.6% of the additional milk produced in the EU was allocated to cheese production. So where is all that extra cheese going? International demand is absorbing a good part of it, but the picture differs considerably between Gouda, Mozzarella, Cheddar and Emmentaler. Read the full DCA Market Intelligence analysis for the latest cheese benchmarks, production figures and trade developments: https://lnkd.in/eMGz6m6G #DairyMarkets #CheeseMarket #DairyTrade #CheeseExports #DairyBenchmarks #DCAMarketIntelligence

𝗘𝗨 𝗱𝗮𝗶𝗿𝘆 𝗲𝘅𝗽𝗼𝗿𝘁𝘀 𝗮𝗿𝗲 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗳𝗮𝘀𝘁, 𝗯𝘂𝘁 𝗻𝗼𝘁 𝗳𝗮𝘀𝘁 𝗲𝗻𝗼𝘂𝗴𝗵 EU dairy exports increased by 11.88% year-on-year in August. Year-to-date, export volumes are now 7.18% above last year. But milk production has grown even faster. Imports are also falling, with August marking the seventh consecutive monthly decline. Even so, the additional milk has not been fully absorbed. As a result, estimated theoretical dairy stocks were 38.75% higher than at the start of the year. Read the full DCA Market Intelligence analysis: https://lnkd.in/eSsTVhQu #DairyMarkets #DairyTrade #DairyExports #MilkProduction #DairyIndustry #MarketIntelligence #DCAMarketIntelligence

𝗦𝗠𝗣 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝗶𝘁𝘀 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗹𝗲𝘃𝗲𝗹 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟮𝟮 𝗮𝘀 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗽𝗼𝘄𝗱𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 The latest DCA Market Intelligence benchmarks show strong momentum in the European powder market. Food-grade SMP recorded the largest weekly increase among the tracked powder commodities and reached its highest level since 2022. Compared with last year, SMP benchmarks are now 78.7% to 81.6% higher. Sweet whey powder also moved higher, with Food SWP reaching the highest level ever recorded for the DCA benchmark. At the same time, WMP and lactose moved lower, while market contributors raised concerns about how higher European prices could affect competitiveness in international markets. What is driving the current strength in SMP, and what could it mean for the European powder market? Read the full DCA Market Intelligence analysis: https://lnkd.in/eTQqEZAg #DairyMarkets #SMP #MilkPowder #WheyPowder #DairyTrade #DairyBenchmarks #MarketIntelligence #DCAMarketIntelligence