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Europe's high stocks of skim milk powder are weighing on global milk protein prices. Rabobank says the EU stocks could be sold within six months at a potential 30% discount.
CME Class III contracts for February to July averaged about $14 per cwt., while August to December averaged $15.60.
A possible EU skim milk powder sell-off at a deep discount would pressure global dairy protein prices and cut the cost of dairy-based feed ingredients. Forward Class III pricing already reflects this expected rebound later in the year.
hoards.comCorey Geiger8 Feb 2018Setelah 49 peristiwa perdagangan bearish sebelumnya, Susu (Class III) bergerak median -0,3% selama 5 sesi (39% lebih tinggi; separuh tengah -4,7% sampai +1,5%), dan -0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
