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Canadian skim milk powder exports more than tripled to 71,880 tonnes in 2017, according to Statistics Canada, and the US dairy sector says this undercuts world prices. Trump has criticized Canada's dairy protections amid NAFTA talks, and Canadian dairy farmers met Prime Minister Trudeau to press their support for supply management.
Trade friction over Canadian dairy supply management and export growth could alter milk powder trade flows and dairy prices, with limited direct effect on feed ingredients.
agcanada.comAGCanadaJun 12, 2018After 18 past neutral trade events, Milk (Class III) moved a median -0.4% over 5 sessions (39% higher; middle half -2.9% to +1.1%), and -3.0% 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.
