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Output of nonfat dry milk and skim milk powder fell to 184 million pounds in July 2024, down 10.6% year over year. Exports are rising, especially to Mexico and the Philippines, and global skim milk powder stockpiles are shrinking, with European inventories tightening.
Tighter global milk powder supply and strong export demand support prices for skim milk powder and related dairy feed ingredients.
thebullvine.comSep 7, 2024After 41 past bullish trade events, MILK moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
