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USDA's annual dairy report says global dairy prices are relatively strong, driven by China's import demand, which rose nearly 17% in January to May to $6.4 billion. Skim milk powder imports are up 50% year on year and US dairy exports to China are up nearly 75%.
Strong Chinese import demand supports global dairy prices and US export flows, which helps underpin milk prices.
thecattlesite.comJul 23, 2021After 41 past bullish trade events, Milk (Class III) 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.
