# Dairy prices are steady, says global dairy commodity update

> Maxum Foods reports global milk supply is gradually growing while total dairy trade is declining, with the market close to balanced. Skim milk powder prices are expected to firm as surplus EU stocks fall, and whole milk powder trade fell 16% in July.

- Date: 2019-10-16 · published 2019-10-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56560-dairy-prices-are-steady-says-global-dairy-commodity-update
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer skim milk powder and butterfat values support dairy ingredient prices, while weak trade limits upside for feed-related dairy demand.

## Read by commodity

- MILK: neutral

## Sources

- foodprocessing.com.au: https://www.foodprocessing.com.au/content/business-solutions/news/dairy-prices-are-steady-says-global-dairy-commodity-update-141260108

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.