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UK wholesale dairy prices rose in May, with bulk cream up 13% and butter up 11% on strong demand and tight stocks. Skim milk powder jumped 14% after the EU sold about 42,000t from intervention stocks.
Mild cheddar was steady as sellers held firm.
Tight European dairy stocks and processors near full capacity support higher dairy ingredient prices, though the impact on US feed inputs is limited.
fwi.co.ukJack YatesMay 30, 2018Not 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.
EU intervention sale of ~42,000t skim milk powder plus strong gains in cream, butter and SMP signaled tight global dairy stocks, supporting sentiment on the same day.
