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European dairy spot prices fell sharply in late October, with butter down about €1,850/t in weeks to €5,150/t and SMP falling to €1,400/t. Dutch September milk output rose 0.5% year on year, adding to supply recovery in Germany, France and the UK.
Rebounding European milk supply and falling powder prices weigh on global dairy ingredient values. Lower skim and whole milk powder prices reduce the cost-competitiveness of dairy feed inputs.
farmersjournal.ieLorcan AllenOct 27, 2017Not 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.
