Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

Atten Babler Dairy FX Indices – Oct ’16

  • October 6, 2016
  • by wbabler
The Atten Babler Commodities Dairy Foreign Exchange (FX) Indices strengthened throughout Sep ’16, remaining near recently experienced record highs. The USD/Domestic Dairy Importer FX Index increased the most throughout the month, followed by the USD/Dairy Exporter FX Index and the USD/Dairy Importer FX Index. Global Dairy Net Trade: Major net dairy exporters are led by New Zealand, followed by the EU-28, the U.S., Australia and Argentina (represented in green in the chart below). Major net dairy importers are led by China, followed by Russia, Mexico, Japan and Indonesia (represented in red in the chart below). Global Dairy Net Trade - Oct 16 New Zealand accounts for over two fifths of the USD/Dairy Exporter FX Index, followed by the EU-28 at 29% and the United States at 17%. Australia and Argentina each account for between 5-10% of the index. USD-Dairy Exporter FX Index Weighting by Country - Oct 16 China accounts for a quarter of the USD/Dairy Importer FX Index while Russia accounts for a fifth. Mexico, Japan, Indonesia Algeria and the Philippines each account for between 5-10% of the index. USD-Dairy Importer FX Index Weighting by Country - Oct 16 USD/Dairy Exporter FX Index: The USD/Dairy Exporter FX Index increased 0.9 points during Sep ’16, finishing at a value of 51.2. The USD/Dairy Exporter FX Index remains down 2.5 points throughout the past six months but has increased by 51.0 points since the beginning of 2014. A strong USD/Dairy Exporter FX Index reduces the competitiveness of U.S. dairy products relative to other exporting regions (represented in green in the Global Dairy Net Trade chart), ultimately resulting in less foreign demand for U.S. products, all other factors being equal. USD appreciation against the Argentine peso has accounted for the majority of the gains since the beginning of 2014. USD-Dairy Exporter FX Index - Oct 16 USD appreciation within the USD/Dairy Exporter FX Index during Sep ’16 was led by gains against the Argentine peso, followed by USD appreciation against the Australian dollar. USD declines were exhibited against the euro and New Zealand dollar. USD-Dairy Exporter FX Index vs Rival Currencies - Oct 16 USD/Dairy Importer FX Index: The USD/Dairy Importer FX Index increased 0.8 points during Sep ’16, finishing at a value of 41.4. The USD/Dairy Importer FX Index remains down 4.0 points throughout the past six months but has increased by 37.9 points since the beginning of 2014. A strong USD/Dairy Importer FX Index results in less purchasing power for major dairy importing countries (represented in red in the Global Dairy Net Trade chart), making U.S. dairy products more expensive to import. USD appreciation against the Russian ruble has accounted for the majority of the gains since the beginning of 2014. USD-Dairy Importer FX Index - Oct 16 USD appreciation within the USD/Dairy Importer FX Index during Sep ’16 was led by gains against the Mexican peso, followed by USD appreciation against the Philippine peso, Brazilian real and Chinese yuan renminbi. USD declines were exhibited against the Russian ruble. USD-Dairy Importer FX Index vs Rival Currencies - Oct 16 U.S. Dairy Export Destinations: Major destinations for U.S. dairy exports are led by Mexico, followed by China, Canada, the Philippines and Indonesia. US Dairy Export Destinations - Oct 16 Mexico accounts for nearly a quarter of the USD/Domestic Dairy Importer FX Index, followed by China at 12%. Canada, the Philippines, Indonesia, Japan and South Korea each account for between 5-10% of the index. USD-Domestic Dairy Importer FX Index Weighting by Country - Oct 16 USD/Domestic Dairy Importer FX Index: The USD/Domestic Dairy Importer FX Index increased 2.2 points during Sep ’16, finishing at a value of 48.6. The USD/Domestic Dairy Importer FX Index has increased 28.8 points since the beginning of 2014 and 2.7 points throughout the past six months. A strong USD/Domestic Dairy Importer FX Index results in less purchasing power for the traditional buyers of U.S. dairy products (represented in red in the U.S. Dairy Export Destinations chart), ultimately resulting in less foreign demand for U.S. products, all other factors being equal. USD appreciation against the Mexican peso has accounted for the majority of the gains since the beginning of 2014. USD-Domestic Dairy Importer FX Index - Oct 16 USD appreciation within the USD/Domestic Dairy Importer FX Index during Sep ’16 was led by gains against the Mexican peso, followed by USD appreciation against the Philippine peso, Ukrainian hryvnia, Malaysian ringgit and Canadian dollar. USD-Domestic Dairy Importer FX Index vs Rival Currencies - Oct 16
Global Dairy Trade Results Update – 10/4/16
U.S. Dry Product Stocks Update – Oct ’16
Dairy
Ethanol
Livestock
Grain

Recent Dairy Research

  • Food Service Sales Update – Mar ’24
  • U.S. Dairy Trade Update – Sep ’23
  • Food Service Sales Update – Dec ’22
  • Global Dairy Trade Update 11-15-22
  • Dairy Products Production – Jul ’29
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Atten Babler Commodities, a DBA of Pinion Futures LLC is a CFTC registered Introducing Broker and NFA Member (NFA #0284447) is a fully owned subsidiary of Pinion Risk Management LLC. Information contained herein is believed to be reliable, but cannot be guaranteed as to its accuracy or completeness. Past performance is no guarantee of future results or profitability. Futures and options trading involve substantial risk of loss and is not suitable for all investors. Clients may lose more than their initial investment. All information, communications, publications, and reports, including this specific material, used and distributed by PF shall be construed as a solicitation for entering into a derivatives transaction. PF does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.


Atten Babler Insurance Services a DBA of Pinion Commodities Solutions LLC is an equal opportunity provider and employer. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the bases of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, martial status, familial or parental status, sexual orientation, or all or part of an individual's income is derived from any public assistance program, or protected genetic information in employment, or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities. This publication is brought to you by Atten Babler Insurance Services and is intended for informational purposes only. Nothing contained herein can or should be interpreted to take precedence over policy language, Federal Crop Insurance Corporation/Risk Management Agency regulation, and Underwriting or Loss Adjustment rules.
© Copyright 2025 Atten Babler Commodities LLC