Dairy markets are defying expectations despite global conflicts, geopolitical tensions, and logistical chaos. Stu Davison, Kiwi dairy analyst for High Ground Dairy now based in Chicago talks about what’s really driving milk prices higher in 2026 when they were predicting the opposite. He unpacks the counterintuitive forces fueling the surge in dairy prices. From China’s strategic buying and long-term food security plans to Middle Eastern panic purchases and the shifting dynamics of global trade agreements, this episode reveals the hidden factors reshaping dairy supply and demand worldwide.