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Eric Brooks analyzes how the Global Dairy Trade index fell 64% from its 2014 peak and then recovered to a 2016-17 high, with fats and powders moving on separate paths. He expects the fat-powder price convergence to end when a new market cycle begins.
Diverging fat and powder prices change which dairy products are cheap to buy, shifting relative demand for dairy ingredients in feed.
m.efeedlink.comSep 16, 2020Not 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.
