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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 2018Na 49 eerdere neerwaarts handel-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,3% over 5 sessies (39% hoger; middelste helft -4,7% tot +1,5%), en -0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
