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Global Dairy Trade Event 343 closed with the GDT Price Index down 0.7%. Within the index, AMF rose 3.1%, butter fell 1.6%, cheddar rose 4.5%, SMP rose 2.3%, and WMP fell 2.7%.
A slight GDT decline with mixed component moves signals steady-to-soft global dairy prices, limiting upside for US milk and dairy-based feed demand.
blogs.extension.iastate.edunwiadairyoutlookNov 8, 2023Not 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.
