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Global Dairy Trade Event 325 closed with the GDT Price Index up 3.2%. Butter rose 6.6%, anhydrous milk fat rose 4.8%, and whole milk powder rose 3.8%.
Skim milk powder was unchanged.
A higher GDT index suggests firmer global dairy export prices and better demand from importers. This supports milk prices modestly and can improve the outlook for dairy-linked feed demand.
blogs.extension.iastate.eduFeb 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.
