In this edition of Chart Chatter, we take a closer look at the latest EU milk production data and what it signals for global dairy markets. While supply growth is beginning to slow compared to prior months, production is still trending higher—up 4.3% year-over-year in February.

We also break down updated forecasts from the global monthly outlook, including expectations for continued growth through Q2 2026 before potential declines later in the year due to tougher comparisons. What does this mean for supply balance and pricing pressure ahead?

Catch the key insights shaping the global dairy outlook this week.