Loading…
The International Dairy Federation's World Dairy Situation Report 2017, launched at the World Dairy Summit in Belfast, says European and US markets are leading a global milk production recovery. Butter prices are near record highs while skimmed milk powder prices continue to erode.
Expanding EU and US milk output with weak skim milk powder prices points to softer dairy demand and cautious dairy-related feed purchasing.
agriland.ieRachel MartinNov 3, 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.
