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The EU's short-term outlook shows dairy prices at record levels, with butter near €7,300/t and SMP above €4,000/t in mid-June. EU milk collection is forecast to fall 0.6% in 2022, and butter exports are due to rise 2%.
Raw milk prices were about 40% above the five-year average in May.
Falling EU milk collection alongside record butter and powder prices supports higher dairy prices and tighter export availability.
en.edairynews.comDesirée JuarezJul 10, 2022After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
