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A University of Wisconsin analyst says US butterfat levels are high and rising, with butter and powder competitively priced for export while US butter is 80 percent fat versus the 82 percent needed for some markets. He adds that some export opportunities exist as European supply is tight.
Stronger export competitiveness for US dairy products could lift demand for milk and dairy-based feed ingredients. Plant retooling constraints limit how quickly that happens.
en.edairynews.comDamián MoraisMar 26, 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.
