Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Dean Foods Co    DF

Delayed Quote. Delayed  - 10/21 10:00:39 pm
16.61 USD   +0.18%
10/06 DEAN FOODS : Announces Upcoming Webcast of Third Quarter 2016 Earnin..
10/05 DEAN FOODS COMP : 56:09 PM Read More
10/05 DEAN FOODS COMP : Announces Upcoming Webcast of Third Quarter 2016 E..
News SummaryMost relevantAll newsSector news 

Dean Foods Co : U.S. consumers to see higher milk prices as export demand soars

share with twitter share with LinkedIn share with facebook
share via e-mail
02/19/2014 | 06:18pm CEST

Picking up a gallon of milk at the grocery store is getting pricier and the cost could hit a record high for U.S. consumers in March, analysts warned.

Strong global demand and stagnant production in other countries has led to increased exports of U.S. dairy products in recent months, generating more money for dairy farmers but resulting in likely price hikes of 10-20 percent at the retail level in some markets, according to analysts.

"Demand has been greater than supply for the last several months," said U.S. dairy analyst Jerry Dryer. "Prices are peaking."

Dryer said the current farm price for milk is about $23 per hundredweight, compared to $17-$18 per hundredweight this time a year ago.

Demand from China in particular has been a factor in increasing exports of U.S. dairy products, he said.

China's increased demand in 2013 alone equaled the total increase in milk production in the United States, the European Union, Australia and New Zealand, according to the National Milk Producers Federation.

Dallas, Texas-based Dean Foods Co, the largest U.S. dairy processor, cited global demand pressures when it warned earlier this month that its profits were being squeezed by a surprise rise in the price of raw milk.

Dairy economist Mary Ledman said milk prices have been creeping upward since mid-2013 because of global demand for milk powders, and accelerated recently as domestic cheese posted an all-time high price at $2.36 a pound at the end of January.

"This spike in the cheese market will result in the highest fluid milk price on record in March," Ledman said.

For consumers of fluid milk, that means in some markets their retail price may increase about 10-20 percent, she said.

Milk production was up slightly in December from the same month a year earlier, according to the most recent report from the U.S. Department of Agriculture, and there were roughly 8.5 million milk cows, also up from a year ago.

But overall, farmers have been hampered in efforts to increase production due to a mix of factors that include high feed costs and poor weather. Milk production rose just 0.4 percent in 2013 compared to 2012, the National Milk Producers Federation said.

That trend is reversing itself and dairy farmers are expected to ramp up production this year, so price spikes should be short-term, with prices stabilizing by summer, analysts said.

"It will be short-lived," said Ledman.

(Reporting By Carey Gillam in Kansas City; Editing by Meredith Mazzilli)

By Carey Gillam

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DEAN FOODS CO
10/06 DEAN FOODS : Announces Upcoming Webcast of Third Quarter 2016 Earnings Conferenc..
10/05 DEAN FOODS COMPANY : Announces Upcoming Webcast of Third Quarter 2016 Earnings C..
09/30 DEAN FOODS : Company investigating red dye leak into Boise River
09/09 DEAN FOODS COMPANY : 's Trademark Application for "BROWN COW DELIGHT" Filed
09/09 DEAN FOODS COMPANY : 's Trademark Application for "MAYFIELD CREAMERY EST 1923" F..
09/09 DEAN FOODS : An Application for the Trademark "ARCTIC SPLASH" Has Been Filed by ..
09/06 DEAN FOODS : Stroh's Ice Cream site gets spirited reboot as Detroit distillery
09/02 DEAN FOODS : Former Furniture Brands exec Scozzafava to lead Dean Foods as CEO
More news
Sector news : Food Processing - NEC
10/21DJINDOFOOD SUKSES MAKMUR TBK PT : China Minzhong Food's Largest Shareholder Approv..
10/20DJNestlé to Miss Its Long-Term Sales Target, Again
10/18DJDANONE : Revenue Pressured by China
10/17DJPepsiCo Doubling Down on Health Push
10/14DJHershey CEO J.P. Bilbrey to Step Down
More sector news : Food Processing - NEC
News from SeekingAlpha
10/13 WALL STREET BREAKFAST : Worries Resurface About China's Economy
10/13 Got milk? A little too much of it
10/05 VALUATION DASHBOARD : Consumer Staples - Update
09/07 DEAN FOODS : Better Times Ahead For Dividend Investors?
09/07 VALUATION DASHBOARD : Consumer Staples - Update
Financials ($)
Sales 2016 7 712 M
EBIT 2016 292 M
Net income 2016 138 M
Debt 2016 805 M
Yield 2016 2,08%
P/E ratio 2016 11,33
P/E ratio 2017 11,50
EV / Sales 2016 0,30x
EV / Sales 2017 0,29x
Capitalization 1 502 M
More Financials
Duration : Period :
Dean Foods Co Technical Analysis Chart | DF | US2423702032 | 4-Traders
Full-screen chart
Technical analysis trends DEAN FOODS CO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 20,2 $
Spread / Average Target 22%
Consensus details
EPS Revisions
More Estimates Revisions
Gregg A. Tanner Chief Executive Officer & Director
Jim L. Turner Non-Executive Chairman
Ralph P. Scozzafava Chief Operating & Commercial Officer, EVP
Christopher J. Bellairs Chief Financial Officer & Executive Vice President
Brian Murphy Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DEAN FOODS CO-3.15%1 502
NESTLE SA-1.88%229 066
KRAFT HEINZ CO20.84%107 056
DANONE1.91%45 309
GENERAL MILLS, INC.5.29%35 903
More Results