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European powder prices slid in week 44, led by sharp declines in skim milk powder on subdued demand and limited trading. Prices remain substantially higher year on year.
Weaker European dairy powder prices reduce the cost-competitiveness of dairy ingredients in feed rations. The move is a routine market decline without a new supply shock.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.