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Butter and skim milk powder utilization deteriorated significantly in November, reducing the milk volume absorbed by these products. The shortfall in demand for these components is feeding through to lower milk values.
Weaker butter and powder demand lowers the value of milk solids, pressuring milk prices and the dairy input cost picture for feed buyers.
zmp.deNov 30, 2017Not 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.
