Informa Weekly Dairy Update
Market Highlights: Oceania and EU prices were down, but price movements in the US were mixed this week with butter steady, cream higher, cheese higher, and powders mostly lower. US exports for January were mixed with NFDM and cheese exports stronger than expected, but WPC and butter exports were weaker than expected. There was also a surge in MPC/casein imports during January. Feb/Mar exports will likely be as good or better, and imports should slow. But heavy production globally will keep competition strong in the export market.