Chicago mercantile exchange milk futures rose more than gold

According to Taiwan “central club” report, the Chicago mercantile exchange (CME) milk futures this year displays take the lead, or despising the crude oil, feeding cattle and gold and other major commodity, benefit from American dairy products food additives export surge, Chicago futures rise this year milk in the most in four years.
According to bloomberg reports, Chicago futures to milk this year rose 41%, to $18.66 for every 100 pounds, is feeding cattle futures or 21% of the nearly doubled, but feeding cattle or the lead of goods by 24 standard &poor’s GSCI index. Sodium Ascorbate Standard &poor’s GSCI index to plan this year rose 3.4%. The increase of population and income worship the increase given, dairy and meat demand to soar.
Chicago Rice Dairy chief economic home DE Lyle (Jerry Dryer) 22 accept telephone interviews points out, export growth, the demand and prices foster milk.
DE Lyle said global women employment population soars, push the high protein requirement, things like the 1970 s.
The United States department of agriculture L-Leucine figures, this year 1-October, dairy exports surged 8.5% from a year earlier, to 1.437 million tons. Cheese exports soar 31%, whole dairy products export amount 29% growth.
1-October this year, overseas sales of the United States dairy products output 13.3% proportion, higher than last year’s 12.7%, milk production is increased by 1.8%.
DE Lyle points out, whey powder prices jumped 69% this year, also pushed higher milk prices. Whey powder is milk vice finished product, widely Lycopene used in baby milk powder, sports drinks and pig feed, etc.
DE Lyle said that as the cattle breeding dairy farmers expanding scale, and every cow output, the domestic milk production next year will grow 0.7%, up to 197.4 billion pounds.
DE Lyle said, export increase, with the consumer better next year, the milk prices will rise by 5.1% on average.
DE Lyle said, export demand will continue to grow next year, the United States will expand to 6 big buyers-Mexico, Canada, China, Japan, the Philippines Shitake Mushroom Extract and Indonesia’s exports, and with the boom recovery, the second half of next year the food service demand will improve.