Brazilian Milk Supply Grew When the Market Expected a Cut

The Brazilian dairy market kept lifting milk output even after prices fell, while imports of whole milk powder and cheese stayed strong. Nate Donnay, StoneX Director of Dairy Market Insight, and Juliana Torres, StoneX Brazil Market Intelligence Analyst, break down Brazil's milk supply, quality gap and import flows. Brazil is not self-sufficient in milk, so whole milk powder and cheese arrive from Argentina and Uruguay, helped by a favorable exchange rate for buyers. Milk is still paid for by volume rather than quality, leaving producers little reason to lift fat and protein while cheese and mozzarella demand pulls the other way. Donnay and Torres also cover why milk production kept growing through a weaker price year. 0:00 Brazil's Dairy Market Steps Up 1:16 Volatility Runs Deep in Brazil 3:01 Paid for Volume Not Quality 4:44 Consumers Want More Solids 6:17 Imports Pressure Local Powder 8:52 Milk Output Keeps Climbing Discover Actionable Dairy Insights with StoneX Plus: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_nate_donnay&utm_content=share Like and subscribe for more financial market insights. #StoneX #Dairy #NateDonnay #JulianaTorres