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The Global Dairy Trade auction showed little movement, with SMP up 1.1%, WMP up 3.0%, cheddar down 2.8% and butter roughly flat. Milk output in Europe was mixed in September, with Germany down 1.8% and the Netherlands down 2.6% while France rose 3.2%.
The mixed auction and uneven European output leave dairy prices without a clear direction, so the impact on milk prices is limited.
dairyherd.comNov 19, 2024Not 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.
