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The Swiss dairy market update reports whey protein prices falling sharply as buyers switch to other milk proteins, and milk powder easing. Mozzarella and processed cheese remain tight with prices still rising.
Swiss producer organisations raised the guide price in September because of drought.
Weaker whey and powder prices lower dairy-based feed ingredient values, while tight cheese supply keeps milk fat and cheese prices firm. The effect on grain and meal markets is minimal.
Not 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.