# Dairy fats are driving the best returns [News Oceania n°3/2017] | CLAL News

> CLAL's Oceania report for February 6 to 17, 2017 found Australian milk output down 8.55% and New Zealand down 2.97% year on year for the dairy season to date. Butter, cheddar, SMP and WMP prices firmed, with fats in short supply.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: market · region Oceania · magnitude low
- Page: https://feedsoft.ai/events/72491-dairy-fats-are-driving-the-best-returns-news-oceania-n-3-2017-clal-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Oceania milk output and firmer fat and powder prices point to a tight global dairy supply, which supports dairy commodity prices and feed-related dairy demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- news.clal.it: https://news.clal.it/en/dairy-fats-driving-best-returns-news-oceania-n32017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.