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Europe's high stocks of skim milk powder are weighing on global milk protein prices. Rabobank says the EU stocks could be sold within six months at a potential 30% discount.
CME Class III contracts for February to July averaged about $14 per cwt., while August to December averaged $15.60.
A possible EU skim milk powder sell-off at a deep discount would pressure global dairy protein prices and cut the cost of dairy-based feed ingredients. Forward Class III pricing already reflects this expected rebound later in the year.
hoards.comCorey Geiger8 feb 2018Tras 49 eventos bajista de comercio pasados, Leche (Clase III) se movió una mediana de -0,3 % en 5 sesiones (39% al alza; mitad central entre -4,7 % y +1,5 %), y -0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
