# Washington Dairygrams - February 10, 2018

> Europe's high stocks of skim milk powder are weighing on global milk protein prices. Rabobank says the EU stocks could be sold within six months at a potential 30% discount. CME Class III contracts for February to July averaged about $14 per cwt., while August to December averaged $15.60.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/66643-washington-dairygrams-february-10-2018
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A possible EU skim milk powder sell-off at a deep discount would pressure global dairy protein prices and cut the cost of dairy-based feed ingredients. Forward Class III pricing already reflects this expected rebound later in the year.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-09-04 | [2018 Dairy Outlook: Feed volumes hinge on trade, consumers \| Feed Strategy](https://feedsoft.ai/events/8378-2018-dairy-outlook-feed-volumes-hinge-on-trade-consumers-feed-strategy.md) | -1.6% | -2.5% |
| MILK | 2018-09-06 | [Global dairy prices take a hit \| 2018-09-06  \| Dairy Foods](https://feedsoft.ai/events/63186-global-dairy-prices-take-a-hit-2018-09-06-dairy-foods.md) | -2.5% | -4.5% |
| MILK | 2017-06-01 | [News for Dairy Co-ops - May 2017 - NMPF](https://feedsoft.ai/events/4352-news-for-dairy-co-ops-may-2017-nmpf.md) | +4.4% | +1.3% |
| MILK | 2016-11-23 | [State of the Industry 2016: It’s a buyer’s market for dairy ingredients \| 2016-11-23  \| Dairy Foods](https://feedsoft.ai/events/73867-state-of-the-industry-2016-it-s-a-buyer-s-market-for-dairy-ingredients-2016-11.md) | 0.0% | +3.3% |
| MILK | 2024-05-31 | [Dairy Market Update May 2024 \| MCT Dairies, Inc.](https://feedsoft.ai/events/30252-dairy-market-update-may-2024-mct-dairies-inc.md) | +5.0% | +7.3% |

## Sources

- hoards.com: https://hoards.com/article-22580-washington-dairygrams---february-10-2018.html

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