Since May, there has been a swing in sentiment in dairy markets as strong demand for butter and cheese helped lift prices. European butter prices alone have soared almost 20%, or $530/t, in value since the beginning of May.
However, while market quotes for butter and cheese have been improving, milk powder prices have remained relatively weak. The woes of milk powders are best encapsulated in the performance of the GDT, which has badly struggled to gain positive momentum in the last six months.
However, in its latest report on the global dairy market, the USDA has …
Source: FarmersJournall
Link: http://www.farmersjournal.ie/dairy-trends-milk-powder-prices-may-be-in-early-stages-of-recovery-usda-217491