DCA benchmarks: Powder commentary week 16

DCA benchmarks reflected mixed results in powder dairy markets in week 16. Milk powder markets observed volatility and limited activity, with SMP food increasing slightly over the previous week but remaining below last month. Meanwhile, SMP feed faced a clearer downward trend. WMP also declined at a more moderate pace. In contrast, the whey segment remained notably firm in both feed and food SWP, reaching record-high levels. This resilience remains supported by the ongoing diversion of whey solids into higher-value protein streams.