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Whey prices fell as tariff tensions between the US and China escalated, according to the headline. The article text is largely unreadable, so further details are not available.
Retaliatory tariffs restrict whey and dairy protein exports to China, which weighs on demand and prices for U.S. dairy proteins. Lower whey values reduce the cost of whey-based feed ingredients.
After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
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.