DCA benchmarks: Powder commentary week 22

The dairy powder market weakened in week 22 (May 28), with most benchmarks posting declines amid softer demand and slower trade activity. SMP Food recorded the sharpest weekly drop, while WMP and SWP Food also moved lower. In contrast, SWP Feed was the only benchmark to increase week-over-week. Contributors pointed to weaker futures markets and limited export activity, although higher US SMP prices may continue to support the competitiveness of EU-origin product globally.