DCA benchmarks: Powder commentary week 20

DCA powder benchmarks showed mixed developments in week 20 (May 13), with SMP and FFMP declining over the week, while WMP and whey products moved higher. SMP prices fell in both the food and feed segments, although the market has remained firm over the past month, whereas WMP continued to trade at a more subdued level. The whey complex recovered from the correction observed in the previous week, supported by gains in both segments. Contributor sentiment pointed to a relatively stable SMP market over the last two weeks, although increasing pressure from buyers and difficulties in closing transactions continued to be observed.