Rabobank has released a report showing results of the global dairy market in the second quarter. They have since themed this quarterly report: Dairy Quarterly Q2 2018: Steady as She Goes… For Now. This report shows that most dairy commodity markets have seen prices rally in Q2 2018, but with mixed results across regions and products. For example, butterfat and cheese prices have fared reasonably well, supported by buoyant demand, and combined milk supply growth of the Big 7 exporting regions came to a near standstill. Output increased just 0.5% year-over-year, the lowest since the end of 2016, despite Northern Hemisphere production being in full swing and New Zealand having a better finish to its weather-challenged season. Click here to read and download the RaboResearch dairy report. – Rabobank