# South America needs butterfat [News South America n°6/2018] | CLAL News

> Dryness and heat persist in Argentina and Uruguay dairy basins, reducing pasture quality. Brazilian milk supply is seasonally lower, supporting farmgate prices and strong butterfat demand, while SMP export prices fell and WMP export prices rose.

- Date: 2018-03-21 · published 2018-03-21T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/65995-south-america-needs-butterfat-news-south-america-n-6-2018-clal-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight South American butterfat and WMP supply supports dairy prices in the region, though the impact on feed grain demand is limited.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -0.3% | +5.2% |
| MILK | 2022-10-03 | [Dairy prices 'to rise' at Tuesday's GlobalDairyTrade, buoyed by NZ output slide - Grain Price News](https://feedsoft.ai/events/5116-dairy-prices-to-rise-at-tuesday-s-globaldairytrade-buoyed-by-nz-output-slide.md) | +11.4% | +10.0% |
| MILK | 2026-02-02 | [US winter storm drives up CME milk price - Milk News \| Boerenbusiness. Nl](https://feedsoft.ai/events/6654-us-winter-storm-drives-up-cme-milk-price-milk-news-boerenbusiness-nl.md) | +5.2% | +2.1% |
| MILK | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +6.5% | +7.4% |
| MILK | 2018-08-31 | [August market report: Butter might be the bright spot—again - Jacoby](https://feedsoft.ai/events/4768-august-market-report-butter-might-be-the-bright-spot-again-jacoby.md) | -1.0% | -1.6% |

## Sources

- news.clal.it: https://news.clal.it/en/south-america-needs-butterfat-news-south-america-n62018/

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