Loading…
U.S. milk powder and whey export volumes fell in the third quarter of 2017, with Mexico buying less from the U.S. as the EU and Canada priced aggressively. Dry whey inventories have more than doubled year over year and whey prices have dropped about 40% since May.
Weaker U.S. dairy export demand and heavy inventories point to lower Class III milk prices, which weighs on dairy-based feed ingredient demand and sentiment.
lakeviewgrainsllc.comJan 30, 2018After 49 past bearish trade events, MILK moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% 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.
