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A dairy trade update said global trade slowed in August, with milk output in major producers beginning to expand. Fat values are seeking demand while protein values firm on lower stocks, and cheese prices are diverging by region.
Slowing trade and expanding milk supply are bearish for dairy product prices, while firming protein values support dairy-based feed ingredients. The overall outlook for dairy commodities is mixed.
在过去 18 次中性的贸易事件之后,牛奶(III类) 在 5 个交易日内中位数变动 -0.4%(39% 上涨;中间一半区间为 -2.9% 至 +1.1%),20 个交易日内为 -3.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。