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Global Dairy Trade Event 353 closed with its price index up 2.8%. Cheddar rose 4.1%, butter 3.1%, whole milk powder 3.4%, skim milk powder 1.4% and anhydrous milk fat 2.3%, while buttermilk powder and lactose-related products fell.
Higher GDT prices for powders and cheese support global dairy export values and can firm US and EU milk prices. The gain is a single auction result and may not hold.
blogs.extension.iastate.edunwiadairyoutlookApr 2, 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.
