T.C. Jacoby: Our pre-ADPI outlook and thoughts on 2024

T.C. Jacoby

The 2024 ADPI/ABI Annual Conference starts next week and will likely move the dairy markets. What does Jacoby predict for dairy production and demand for 2024? Join Ted Jacoby III and our guests Jacob Menge, Vice President of Risk Management and Trade Strategy; Joshua White, Vice President of Dairy Ingredients; Diego Carvallo, Director of Dry Dairy Ingredient Trading; Gus Jacoby, President of Fluid Dairy Ingredients and Dairy Support; Joe Maixner, National Sales Manager of Dairy Ingredients; and Ted Jacoby III, President. We’ll cover critical topics impacting the dairy market, including:

  1. Jacoby’s dairy industry predictions vs. results for 2024 YTD
  2. Factors impacting prices for Q3 and Q4
  3. Continued downward pressure on milk production and lackluster fluid milk demand
  4. China’s impact on milk demand
  5. The impact of the Avian Flu on dairy production

Plus, whey has been a market signal for the last few years. But is nonfat milk powder the new canary in the coal mine? Find out more on episode 65 of The Milk Check.

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