Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

DEAN FOODS CO (DF)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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
0
02/19/2014 | 06:18pm CEST
Milk is shown for sale at a Ralphs grocery store in Del Mar, California

(Reuters) - 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
0
Latest news on DEAN FOODS CO
05/26DEAN FOODS : Lawrence Park gets recognition for its history
AQ
05/26DEAN FOODS : dairy suppliers get 30-day extension
AQ
05/25DEAN FOODS : An Application for the Trademark "TRU FUN" Has Been Filed by Dean F..
AQ
05/23DEAN FOODS : Meadow Brook Dairy to close By David Bruce
AQ
05/18DEAN FOODS CO : Ex-dividend day for
FA
05/17DEAN FOODS : An Application for the Trademark "TRUMOO AFTER DARK" Has Been Filed..
AQ
05/17DEAN FOODS COMPANY : 's Trademark Application for "KID HARDER" Filed
AQ
05/17DEAN FOODS : Trademark Application for "TRU TASTE" Filed by Dean Foods Company
AQ
05/11DEAN FOODS CO : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/10DEAN FOODS : Declares Quarterly Dividend
PR
More news
News from SeekingAlpha
05/14Deutsche Bank warns on Dean Foods 
05/10Dean Foods declares $0.09 dividend 
05/08Dean Foods Company 2018 Q1 - Results - Earnings Call Slides 
05/08Dean Foods (DF) Q1 2018 Results - Earnings Call Transcript 
05/08CONSUMER - TOP 5 GAINERS / LOSERS AS : 00 pm (05/08/2018) 
Financials ($)
Sales 2018 7 659 M
EBIT 2018 137 M
Net income 2018 41,9 M
Debt 2018 879 M
Yield 2018 3,79%
P/E ratio 2018 19,68
P/E ratio 2019 14,35
EV / Sales 2018 0,23x
EV / Sales 2019 0,23x
Capitalization 886 M
Chart DEAN FOODS CO
Duration : Period :
Dean Foods Co Technical Analysis Chart | DF | US2423702032 | 4-Traders
Technical analysis trends DEAN FOODS CO
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 9,63 $
Spread / Average Target -0,77%
EPS Revisions
Managers
NameTitle
Ralph P. Scozzafava Chief Executive Officer & Director
Jim L. Turner Non-Executive Chairman
Jody L. Macedonio Chief Financial Officer & Executive Vice President
John R. Muse Independent Director
V. Janet Hill Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DEAN FOODS CO-17.56%886
NESTLÉ-9.07%239 352
THE KRAFT HEINZ COMPANY-26.62%70 432
MONDELEZ INTERNATIONAL-7.52%58 383
DANONE-5.08%52 501
ASSOCIATED BRITISH FOODS-2.48%28 929