# Milk Market Outlook APRIL 2024 - Ceva ruminants - Global

> Global dairy markets are split, with butter prices rising on US demand while skimmed milk powder prices fall on weaker Chinese demand. EU-27 milk prices were roughly stable in March, and New Zealand production declined seasonally.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29755-milk-market-outlook-april-2024-ceva-ruminants-global
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Divergent butter and powder trends point to mixed dairy demand, with weaker SMP pressuring protein-based dairy feed values while firmer butter supports fat-rich ingredients.

## Read by commodity

- MILK: neutral

## Sources

- ruminants.ceva.com: https://ruminants.ceva.com/news/milk-market-outlook-april-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.