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CME whey futures had forecast prices falling below 50 cents per pound this fall, but spot whey prices stayed firm and futures pushed the expected decline to next spring. WPC-80 prices are reportedly near $4.50/lb, well above last year, driven by strong demand for high-protein whey products.
Firm whey prices support dairy processing margins and the value of milk solids, which supports milk prices. Futures now expect strength to last longer, so buyers should not assume a near-term drop in dairy byproduct costs.
mctdairies.comSep 29, 2021Not 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.
Spot whey stayed firm and futures pushed the expected whey decline out to spring, with WPC-80 near $4.50/lb, which supports Class III component values and the futures rally.
Spot whey prices stayed firm and futures pushed the expected whey decline out to spring, raising the Class III component value and supporting futures.
