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USDA FAS Canada projects modest milk and cheese production growth into 2022, with butter output rising as stocks stay low. Skim milk powder exports are forecast flat at the lowest level since 2015, and cheese and butter imports are rising under trade agreements including USMCA.
Lower Canadian skim milk powder exports and rising dairy imports shift global dairy trade flows, with limited direct effect on feed commodities.
fas.usda.govOct 19, 2021After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
