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European butter quotations rose nearly 5% over two weeks, with butter up 6.5% over four weeks of gains. EU butter exports in March reached a record for the month, up 83% year on year, and European SMP trended higher.
Strong European butter exports and rising quotations point to firmer dairy demand, supporting milk prices and dairy feed ingredient values.
agriland.co.ukAgriland TeamMay 21, 2020After 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.
