# Navigating Tighter Milk Supplies: How Dairy Farmers Can Stay Competitive Amidst Rising Challenges | The Bullvine

> 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.

- Date: 2024-09-07 · published 2024-09-07T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4237-navigating-tighter-milk-supplies-how-dairy-farmers-can-stay-competitive-amidst
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter global milk powder supply and strong export demand support prices for skim milk powder and related dairy feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-03-07 | [Dairy producers buying cheese to bolster milk prices - Brownfield Ag News](https://feedsoft.ai/events/72156-dairy-producers-buying-cheese-to-bolster-milk-prices-brownfield-ag-news.md) | -1.3% | -0.5% |
| MILK | 2019-11-05 | [Chinese dairy consumption is driving world milk prices higher](https://feedsoft.ai/events/10246-chinese-dairy-consumption-is-driving-world-milk-prices-higher.md) | -0.1% | -4.2% |
| MILK | 2020-06-16 | [USDA Trade Mitigation Purchases to Feed People in Need and Aid American Farmers Surpass $2B \| USDA](https://feedsoft.ai/events/52597-usda-trade-mitigation-purchases-to-feed-people-in-need-and-aid-american-farmers.md) | +2.0% | +18.2% |
| MILK | 2020-09-18 | [This Week in Dairy 09-18-2020 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/12150-this-week-in-dairy-09-18-2020-total-farm-marketing-by-stewart-peterson.md) | +0.4% | +31.2% |
| MILK | 2021-08-24 | [U.S. Schools Are Buying So Much Milk, Supplies Are Drying Up - Bloomberg](https://feedsoft.ai/events/45699-u-s-schools-are-buying-so-much-milk-supplies-are-drying-up-bloomberg.md) | -0.4% | +3.6% |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/navigating-tighter-milk-supplies-how-dairy-farmers-can-stay-competitive-amidst-rising-challenges/

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