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The European Commission's EU Agricultural Outlook says most EU dairy prices recovered in 2017 except SMP, which remains under pressure from intervention stocks. It expects significant milk production growth in 2018, led by France and Germany.
Rising EU milk output and intervention powder stocks point to weaker dairy prices in 2018. Lower EU dairy prices could make skim-based ingredients cheaper for feed buyers.
agriland.ieSeán CumminsDec 21, 2017After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
