◂ Event Timeline

Jul 28, 2017MACROEU

Powder market still rebalancing as Europe seeks equilibrium - Progressive Dairy

HighGround Dairy outlines how EU milk quotas ended in 2015 and EU production expanded, with the weighted average EU milk price falling over 36 percent from 2013 to 2016. Powder markets are still rebalancing as large EU stocks persist.

WHY IT MATTERS

Heavy EU milk powder stocks and lower EU prices weigh on global dairy values and export competitiveness.

AFFECTSMilk (Class III)▼

SOURCE
agproud.comCurtis BosmaJul 28, 2017

Price reaction & history

Milk (Class III)▼bearishSO FAR1d -0.1%5d +6.0%20d +6.6%

After 49 past bearish macro events, Milk (Class III) moved a median -0.6% over 5 sessions (33% higher; middle half -8.5% to +0.6%), and -7.5% over 20.

Oct 26, 2020Stephenson: Pandemic will weigh on dairy markets into 2021 - Progressive Dairy | Ag Proud-0.2%
May 10, 2018Dairy markets could finally rebalance-0.1%
Sep 28, 2026Dairy risk management calendar: October 2026 | Ag Proud-7.3%
Apr 27, 2026Market, pricing changes force dairy producers to adapt | Agriculture | nwestiowa.com+1.4%
Mar 25, 2020COVID-19 pandemic rocks dairy markets | Capital Press-0.2%

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.

Milk (Class III) MILK · GP ▸

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