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

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

Delayed Quote. Delayed  - 07/29 10:03:59 pm
18.46 USD   +1.99%
07:08p DEAN FOODS : Man in fatal accident identified as long-time Gandy's D..
07/20 DEAN FOODS : scoops up Friendly's for $155M cash
07/19 DEAN FOODS ANNO : 17:01 PM Read More
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on DEAN FOODS CO
07:08p DEAN FOODS : Man in fatal accident identified as long-time Gandy's Dairy employe..
07/28 DEAN FOODS : Trademark Application for "SCOOPALICIOUS" Filed by Dean Foods Compa..
07/21 DEAN FOODS : Trademark Application for "DEAN'S" Filed by Dean Foods Company
07/20 DEAN FOODS : scoops up Friendly's for $155M cash
07/19 DEAN FOODS ANNOUNCES NATIONAL CEO QU : 17:01 PM Read More
07/19 DEAN FOODS : Currie, Fell to marry
07/18 DEAN FOODS : Food Additives Permitted for Direct Addition to Food for Human Cons..
07/14 DEAN FOODS : Trademark Application for "REAL FRUIT BITS. JUICY BLISS." Filed by ..
07/14 DEAN FOODS COMPANY : 's Trademark Application for "IT'S NOT JUICE. IT'S A SNACK"..
07/12 DEAN FOODS : Milk Life Supports Team USA On Road To Rio
More news
Sector news : Food Processing - NEC
10:25pDJFive Hershey Trust Directors to Retire in Settlement With Pa. Attorney Genera..
10:20pDJFive Hershey Trust Directors to Retire in Settlement With Pennsylvania Attorn..
08:49aDJEarnings Watch -- WSJ
07/28DJMARKET SNAPSHOT : Stocks Fall As Telecom Sells Off, Oil Tumbles
07/28DJHershey Posts Revenue Gain as It Swings to Profit--Update
More sector news : Food Processing - NEC
News from SeekingAlpha
07/12 DEAN FOODS : Moving Ahead Despite Challenges
07/11 Congress halfway to passing GMO labeling bill
07/08 Danone Buys WhiteWave, Adding Even More Momentum To (Natural) Consumer Staple..
07/07 VALUATION DASHBOARD : Consumer Staples - Update
06/29 S&P 1500 Most Heavily Shorted Stocks
Advertisement
Financials ($)
Sales 2016 7 604 M
EBIT 2016 295 M
Net income 2016 136 M
Debt 2016 750 M
Yield 2016 1,94%
P/E ratio 2016 11,97
P/E ratio 2017 12,79
EV / Sales 2016 0,32x
EV / Sales 2017 0,31x
Capitalization 1 661 M
More Financials
Chart DEAN FOODS CO
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
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 20,7 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Gregg A. Tanner Chief Executive Officer & Director
Jim L. Turner Non-Executive Chairman
Ralph P. Scozzafava Executive VP, Chief Operating & Commercial Officer
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 CO5.54%1 661
NESTLE SA4.83%245 160
KRAFT HEINZ CO18.14%104 524
MONDELEZ INTERNATIONAL..-1.47%68 724
DANONE9.07%49 362
GENERAL MILLS, INC.23.73%42 591
More Results