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Global whey and milk powder prices are rising after a multi-year lull, despite higher milk output and pandemic-related disruption. China's imports of skim and whole milk powder have been strong, and shipping issues persist.
Robust Chinese import demand is tightening global powder supply, which supports dairy ingredient prices and export competitiveness for US producers. Demand gains could soon outpace supply.
mctdairies.comMar 30, 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.
