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Ceres Dairy Risk Management said the dairy market is shifting from protein shortage to butterfat deficiency. Milk output is expanding on strong butter and cheese prices, while nonfat dry milk and whey stocks keep building.
Rising whey and skim solids stocks weigh on low-cost dairy protein ingredients used in feed, while firm butterfat demand supports milk prices.
foodbusinessnews.netRon SterkFeb 14, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
