Loading…
The April 14 Global Dairy Trade auction saw the GDT Price Index fall about 3.4%, with butter down 8.1% and cheddar down 3.1%. Skim and whole milk powders also slipped modestly, with the weighted average at $4,228 per metric ton.
Global dairy price declines, especially in butterfat and powders, point to softer export demand and lower ingredient values. This is bearish for dairy-based feed inputs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.