
Canada imposed a 50% retaliatory tariff on U.S. whey, which supplies about 90% of Canadian whey imports. Canadian protein manufacturers such as Coachwood Group, which owns Canadian Protein and BioSteel, are struggling with the higher costs and are looking to suppliers in Europe and New Zealand.
A 50% tariff on the main supply source reroutes whey trade and pushes up input costs for Canadian protein makers, while Canadian whey production is too small to replace U.S. volume. Dry whey is a feed-relevant ingredient, so tighter Canadian supply and higher prices support the whey complex.
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.