Group 1 - The average purchase price of fresh milk in major production areas such as Inner Mongolia and Hebei is 3.03 yuan per kilogram, down 0.3% month-on-month and 2.9% year-on-year [1] - The domestic market for whole milk powder is experiencing a decline in prices due to low demand, with major manufacturers facing slow sales and inventory issues [20] - The price of imported skim milk powder remains stable, supported by auction performance, while domestic skim milk powder is tentatively declining but overall supply is balanced [20] Group 2 - New Zealand's major manufacturers are facing pressure with lower-than-expected signing rates for whole milk powder, indicating potential supply challenges in the future [9] - The market for cream cheese is becoming saturated, leading to sporadic sell-offs as domestic production increases [20] - The demand for concentrated whey protein is strong, with New Zealand's signing rates high, suggesting limited short-term price reduction intentions [21] Group 3 - The average price of corn in China is 2.46 yuan per kilogram, down 0.8% week-on-week but up 2.5% year-on-year, indicating a mixed trend in agricultural commodity prices [19] - The international dairy market is experiencing a downturn, with all dairy futures in the US showing declines, reflecting broader market challenges [12] - The recent ceasefire in Gaza and ongoing geopolitical tensions are impacting global oil prices, which may indirectly affect agricultural and dairy commodity markets [13]