Butter and milk powder markets are moving in opposite directions, with heavy milk flows pressuring butterfat across Europe, the United States and New Zealand, while US NFDM hit a record on the CME Spot Call and pulled global SMP higher. US CME Spot Call Nonfat Dry Milk reached USD 2.215/lb, or USD 4,883/mt, on Tuesday, […]
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Record global grain production is putting pressure on European wheat and corn markets, with abundant supplies from Russia, Argentina, and...
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