
Nonfat dry milk and whey markets showed mixed-to-lower pricing as demand softened across regions. USDA weekly export sales showed beef and pork net sales with strong buying from Mexico, Japan and South Korea.
Softer dry dairy demand weighs on milk powder and whey values, while steady pork and beef export sales support livestock demand and meat-and-bone meal flows.
After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.