
European and Irish milk prices have been slow to rise despite recent gains in GDT commodity prices. Sharp declines in high-value whey protein concentrates (WPC80 down about €6,500/t and WPI90 down €3,000/t over just over a month) and continued global milk supply growth are holding back farm-gate prices.
Rising global milk output and weaker whey protein values point to ample dairy ingredient supply, which keeps dairy-based feed ingredient prices subdued for buyers.
Not enough comparable past events yet for a historical read.
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.